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← Fair Chance Foundation

2024-12-31-accounts

Trustees' Annual Report for the period

Period start date Period end date 01 01 2024 31 12 2024 From To

Section A Reference and administration details ~~eee~~

Charity name

Fair Chance Foundation

Other names charity is known by

Registered charity number (if any) ~~fo~~ 1171316 Charity's principal address 1 Bedford Road London W4 1HU

Names of the charity trustees who manage the charity

Names of the charity trustees who manage the charity
1
2		 Trustee name
Office (if any)
Dates acted if not for whole
year
Name of person (or body) entitled
to appoint trustee (ifany)
Sumir Karayi -
Chairman
Corrie Karayi (née
Pope)– Director
~~eC~~
~~a~~
~~ee~~
~~ee~~
~~aa~~
3 William
Edmondson -
Treasurer
~~aee~~
4 ~~ee~~
5 ~~Ge~~
6 ~~ee~~
7 ~~Ge~~
8
9
10
11
12		 ~~eG~~
~~Rs~~
~~ee~~
~~es~~
~~Ge~~
13 ~~ee~~
14 ~~Ge~~
15 ~~GG~~
16
17
18		 ~~a~~
~~es~~
~~Ge~~
19 ~~ee~~
20 ~~eG~~
Names of the trustees for the charity, if any, (for example, any custodian trustees)
i
i Name
Dates acted if not for whole year

i

March 2012

TAR

1

==> picture [482 x 50] intentionally omitted <==

Names and addresses of advisers (Optional information)

Type of adviser Name Address

==> picture [507 x 73] intentionally omitted <==

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

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Constitution – 10[th] January 2017

How the charity is constituted

CIO

Appointed by a resolution passed at a properly convened meeting of the Trustee selection methods charity trustees.

Additional governance issues (Optional information)

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

March 2012

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2

Section C Objectives and activities

Summary of the objects of the
charity set out in its
governing document
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)		 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.
Fund an action research project
Fair Chance Foundation continues to fund an action research project with
the University of Warwick which 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 and young adults’ education
Fair Chance Foundation funds the education of a young adult in Costa
Rica.
Pay for the higher education of a young adult in Costa Rica
(university fees)
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)

March 2012

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3

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

==> picture [348 x 294] intentionally omitted <==

Section D Achievements and performance

March 2012

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4

Section D Achievements and performance

Summary of the main achievements of the charity during the year

Action Research Project with the University of Warwick

1. Project overview

The project is broadly split into 3 phases of work spread over 4 years. Phase one of the project, which is the largest component of the project and commenced at project kick-off, has continued to progress throughout 2024. Phase one is expected to complete in mid 2025. 2024 also saw Phase 2 commence in the autumn.

2. Deliverables in the 12 months

a. Project activity

1. Phase 1 study (main fieldwork)

Following the successful completion in 2023 of the instruments build, execution of the pilot study and revision of the fieldwork instruments after the pilot study, the main thrust of fieldwork activity commenced in late spring 2024. The project witnessed a delay to this work starting due to the impact of the Indian elections across the country which impacted upon the project’s State Research Teams’ (6 states/3 team members per state) ability to start fieldwork. Some delay was also incurred in finalising the recruitment of the state universities and government colleges, agreements and transfer of funds from the partner institution in India. As a result, this pushed the start of fieldwork activity from late 2023 into early 2024 which was then further impacted by the election period (circa 4 month delay overall).

The research instrument pack was shared with the State Research Teams in April 2024 which comprised of 35 separate documents covering proformas, instruction manuals, survey tools, code books, code sheets, information leaflets, interview guides and data collection spreadsheets. These instruments would be deployed as per the main fieldwork manual document and the implementation plans that were requested from the State Research Teams. At the end of 2024, the project saw State Research Teams progressing at different rates through their programmes of data collection which comprised of interviews, interview-diary studies, census surveys, transcript translation, focus group discussions and administration data requisitions across their targeted staff/student groups at state universities and government colleges, using the instrument pack mentioned earlier. One team has been particularly affected by the retirement of the team lead and consequent institutional block on proceeding, and it may be that this team will cease participation.

Significant time by project staff was expended during the fieldwork period to further refine certain elements in the instrument pack as feedback from early engagers highlighted improvements that could be made to ensure that the instruments would be contextually appropriate for all states. Monthly online meetings which started in spring 2024 were held with the project State Team members. It was through these meetings that valuable feedback was highlighted and problems troubleshooted. Often identified by the early engager state teams, this information helped the project team to offer advice, reshape guidance and update instrument documentation to benefit other State teams.

It was also during summer to autumn 2024 period that project staff finalised a further package of tools to support the State Research Teams

March 2012

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5

Section D Achievements and performance

to perform and submit their data analysis to perform and submit their data analysis and findings reports. Late on in
2024 saw the first State teams start to draft their chapters that would form
their official project state reports.
2. Phase 2 – module design and delivery
With the delay in starting the main fieldwork, the start of Phase 2 was
pushed back to January 2025.
3. Key meetings during 2024:
Monthly online meetings with the 6 State Research Teams April
2024 onwards
Dr Sabharwal visit to Warwick June 2024 (visit report)
2nd Research Advisory Committee August 2024, Online
Prof Henderson visit to India September 2024 (visit report)
Research Methodology Workshop 2 – September 2024 in-person,
Delhi India
b.Recruitment and staffing
The project has continued to be led by Co-Principal Investigators
Prof Emily Henderson (Warwick) and Dr Nidhi Sabharwal
(NIEPA), supported by Co-Investigator Prof Ann Stewart
(Warwick).
Ms S. Arokia Mary has supported the project throughout 2024 as
the sole Research Assistant based at the University of Warwick,
with some additional contribution from Ms Ragini Kurana.
Matt Phillips has continued as the Research Coordinator (RC)
based at Warwick also.
Ms Arushi Painuly continued through 2024 as the NIEPA (Delhi)
based junior project consultant supporting project activity in India
along with Chandrika Kohli as data entry officer.
c.Communications–website & social media
Throughout the year, project activity generated a number of
news items which were posted on the project news page
(located at
https://warwick.ac.uk/fac/soc/ces/research/current/wahei/news
/)and promoted on social media:-
Project newsletter -January 2024
UNESCO IESALC reports provide analysis and proposals on the
right to higher education – January 2024
New publication: ‘From gender parity to gender prism’in India
Higher Education Report 2022- Women in Higher Education’ –
January 2024
Gendered conditions of higher education access: advancing a
gender prism analytic through the case of Haryana, India – April
2024
SRHE Accolade for Dr Sabharwal – September 2024
Fair Chance Foundation founder visits the WAHEI team at
Warwick – September 2024
Project newsletter –October 2024

March 2012

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6

Section D Achievements and performance

3. Summary of project progress from the Principal CoInvestigators

The project has proceeded very well during this phase, in spite of the delays caused by the elections in India and institutional hold-ups between the state teams and partner institution in India. The fieldwork is ambitious in scope but the teams are highly engaged, for the most part, and have responded enthusiastically to the project. Additional unforeseen benefits have emerged such as the fact that implementing the fieldwork has itself proved impactful for the respondents and state teams, who have learned about the possibilities of higher education outreach through participating in the study. The delays will mean undertaking the latter stages of the project concurrently, which will place pressure on the core team and require efficient working in the next stage.

Fund children and young adults’ education

Sponsor University student in Costa Rica

We are sponsoring a student, Florella Mejias Sancho, to study Advertising at the Latin American University of Science and Technology in Costa Rica.

Fundraising:

March 2012

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7

Section E Financial review ~~ee~~

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 None in deficit

Further financial review details (Optional information)

The Fair Chance Foundation’s main source of income is donations from You may choose to include 1E Limited, a software company, and private donors. additional information, where relevant about:

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

~~ee~~ Section F Other optional information

Section G Declaration ~~ee~~

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

Signed on behalf of the charity’s trustees

==> picture [506 x 129] intentionally omitted <==

----- Start of picture text -----
Signature(s)
William Edmondson
Full name(s) Corrie Karayi (née Pope)
re
Position (eg Secretary, Chair, Director Treasurer
etc) ee
Date
14/10/2025
—
TAR 8 March 2012
----- End of picture text -----

March 2012

Fair Chance Foundation No (if any) 1171316 Receipts and payments accounts CC16a For the period Period start date Period end date To from 01/01/2024 31/12/2024 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 125,000 - - 125,000 127,499 Fundraising Events 125,000 127,499 Sub total (Gross income for AR) [ 125,000 ] == A2 Asset and investment sales, 2 2==>= (see table). - - - - - - - - Sub total - Total receipts 125,000 - - 125,000 127,499 SS ~~5=~~ A3 Payments Charitable Disbursements 125,000 - - 125,000 131,656 Charity Expense 595 - - 595 50 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Sub total 125,595 - - 125,595 131,706 ====== A4 Asset and investment purchases, (see table) - - - - - - - - Sub total - ———— Total payments 125,595 - - ~~——~~ 125,595 131,706 Net of receipts/(payments) - 595 - - - 595 - 4,207 A5 Transfers between funds - - - - - A6 Cash funds last year end 1,377 - - 1,377 5,584 Cash funds this year end 782 - - 782 1,377 == Section B Statement of assets and liabilities at the end of the period

Unrestricted Restricted Endowment Categories Details funds funds funds to nearest £ to nearest £ to nearest £

B1 Cash funds Bank Balance 31/12/2024 782 - - - - - - - - Total cash funds 782 - - ===> (agree balances with receipts and payments account(s)) OK OK OK Unrestricted Restricted Endowment funds funds funds Details to nearest £ to nearest £ to nearest £ B2 Other monetary assets - - - - - - - - - - - - - - - - - - ———— Fund to which Current value Details asset belongs Cost (optional) (optional) B3 Investment assets - - - - - - - - - - oe Fund to which Current value Details asset belongs Cost (optional) (optional) B4 Assets retained for the - - charity’s own use - - - - - - - - - - - - - - - - att Fund to which Amount due When due Details liability relates (optional) (optional) B5 Liabilities - - - - - Signed by one or two trustees on behalf Date of of all the trustees Signature Print Name approval WS Edmondson 14/10/2025 Corrie Pope 14/10/2025 ——-

Independent examinerfs report to the trustees of Falr Chance Foundation I report to the trustees on my examination of the accounts of Fair Chance Foundation (the Foundatlon) for the year ended 310ecember 2024. Responslbllltles and basis of report The charlt*s trustees are responsible for the preparatlon of the accounts. The charltws trustees conslderthat an audit is not required forthis year under sectlon 14412) ol the Charities Act 2011 (the Act) and that an independent examinatlon Is needed. It is my responslblllty to: examine the accounts under section 145 of the Act; to follow the procedures laid down Sn the general Directlons glven by the Charity Commission under sectlon 145{5)(bl of the Act; and to state whether particular matters have come to my attentlon. Basls of Independent examlnerfs statement My examlnation was carrled out in accordance with the general Dlrectlons glven by the Charity Commlssion. An examlnation includes a revlew of the accounting records kept by the charlty and comparlson of the accounts presented wlth those records. It also includes conslderatlon of any unusual Items or dlsclosures In the accounts and the seeklng of explanations from the trustees concernln8 such matters. The procedures undertaken do not provide all the evidence that would be requlred In an audlt and consequently no opinlon Is glven as to whether the accounts present a "Irue and falr VIe￿ and the report is Ilmlted to those matters set out below. Independent examlnerfs statement In connectlon with my examlnation, no matter has come to my attention: which gives me reasonable cause to believe that in any material respect the requlrements: o to keep accounting records In accordance wlth section 130 of the Charltles Act 2011; and o to prepare accounts whlch accord wlth the accounting records and comply wlth the accounting requirements of the Act; have not been met; or 2, to which, In my opinion, attentlon should be drawn in order to enable a proper understandlng of the accounts to be reached. Slgned". Name: Hazel Day BSC FCA DChA Address,. Xeinadin, Nightingale House, 46-48 East Street, Epsom, Surrey KT17 IHQ Date: 13nd October 2025.

CHARITY COMMISSIO FOR ENGLAND ANO WALE Fair Chance Foundation 1171316 Receipts and payments accounts CC16a For the perlod from To 01101r2024 31112r2024 Section A Receipts and payments Unrestrlcted funds Restrlctéd funds Endowment funds Total funds Last year lo th• noar¢•t to the near••t £ to thg rwor¢$t £ lo the nfrar•8t £ to the near•8t £ A1 Recel ts Donalions Fvndr8i8ing Events 12S.000 125,000 127,499 Sub total (Gross income for AR) 125,000 125.000 127.499 A2 Asset and Investment sales, 18ee table). Sub total Total recelpts 126,000 125,000 127.499 A3Pa ments Charilabl6 Disbur$¥mtnls Ch8rily Expense 126,000 695 126.000 695 131,656 so Sub total 120,595 125,695 131,706 A4 Asset and Investment urchages, See table Sub total Total payments 125.595 125,595 131,706 Net of recelpts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds thls year end 596 595 4,207 1,377 782 1,377 782 6.584 1.377 Section B Statement of assets and liabilities at the end of the period Unrestricted funds to nearest £ Restricted funds to n¢•re¥l £ Endowinent funds to nearest £ Categories Details B1 Cash funds Bank 88lan¢o 3111212024 782 CCXX Rl accounts {SS1

Total cash funds 782 {0gr¢e bakn¢*$Yath reKelOs and pa￿ts )Ilsll OK Unrestrlcted funds io noarèsl £ Restrlcted funds io nearest £ Endowment funds to nearest £ Dotalls Fund to whlch a88è1 ￿lOn Detalls Cost loptlonall Currénl v•lu• tlon81 B3 Inve8tment a88et8 Fund to whlch Current valu• tlonal Detalls Colt loptlonal} B4 A88et8 retalned for the charlty'8 own u86 Fund to whlch f8late8 Amount du• tjonal When du• tlonal Detalls BS Llabllltle8 Signed by one or two Iruslee$ on behalf of all Ihe Ifuslees Slgnalure Print Name Dale of roval WS Edmondson Corrie Pope CCXX R2 accounts1S51 1311012025

(HARIIY (OMMWION Trustees. Annual Report for the period Period start dale 01 01 ', Period end dale 31 12 2024 2024 From Section A Reference and administration details Charity name Fair Chance Foundation Other names charlty Is known by Reglstered charlty number (If any) 1171316 Charlty's prlnclpal address 1 Bedford Road London W4 1HU Names of the charlty trustees who manage the charlty Date8 acted If notforwholo oar Tru8tg0 nam• Ofllc• (If any Namè of per80n {or body) ontitlod toa olnt trustee Ifan Sumir Karayi - Chairman Corrie Karayi (née Pope)- Director William Edmondson - Treasurer 10 11 12 13 14 15 16 17 18 19 20 Names of the trustees for the charity, If any, (for example, any custodian trustees) Name Dates acted if not for whole ear TAR March 2012

Names and addresses of advisers {Optional Information) e of advlser Name Address Name of chief executlve or names of senlor staff members (Optional informatlon) Section B Structure, governance and management Descrlptlon of the charlty's trust5 Constitulion- 10" January 2017 Type of governing document How the charity is conslituted cio Trustee selection methods Appointed by a resolution passed at a properly convened meeting of the charity Irustees. Addltlonal governance Issues (Optional Informatlon) 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 Ob-ectives and activities TAR March 2012

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 inteNentions' Formally researching and publishing inteNentions 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. Summary of the objects of the charlty set out In Its governlng document With a view lo relieving poverty and improving their life chances. Fund an actlon research project Fair Chance Foundation continues to fund an action research project with the University of Warwick which 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 educalion. 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 posilive social change. The project design has been developed in collaboration with the Universily of Warwick and a core group of Indian partners. In addition, the project incorporates bNo fully-funded doctorates, contributing to capacity building in Indian higher education. Summary of the maln actlvltles undertaken for the publlc beneflt In relatlon to these objects (Include wlthln this sectlon the statutory declaratlon that trustees have had regard to the gu5dance Issued by the Charlty Commlsslon on publlc beneflt) Fund chlldren and young adults, eduGatlon Fair Chance Foundation funds the education of a young adult in Costa Rica. Pay for the higher education of a young adult in Cosla Rica {university fees) The trustees have taken the Charity Commission's public benefit guidance into account by reviewing it when planning activities for the year. Additlonal details of objectlves and actlvltles (Optlonal Informatlon) TAR March 2012

You may choose to include further statements. where felevant, about- policy on grantmaking; policy PTogramme related investment. contribution made by volunteers. Section D Achievements and performance TAR March 2012

Section D Achievements and performance Summary of the main achievements of the charlty durlng the year Action Research Pro ect wlth the Universlt of Warwlck 1. Project overvlew The project is broadly split into 3 phases of work spread over 4 years. Phase one of the project, which is the largest component of the project and commenced at project kick-off, has continued to progress throughout 2024. Phase one is expected to complete in mid 2025. 2024 also saw Phase 2 commence in the autumn. 2. Dellverables In the 12 months a. Pro ect activit 1. Phase 1 study (main fieldwork) Following the successful completion in 2023 of the instruments build, execution of the pilot study and revision of the fieldwork Instruments after the pilot study, the main thrust of fieldwork activity commenced in late spring 2024. The project witnessed a delay to this work starting due to the impact of the Indian elections across the country which impacted upon the project's State Research Teams. (6 states13 team members per state) ability to start fieldwork. Some delay was also incurred in finalising the recruitment of the state universities and government colleges, agreements and Iransfer of funds from the partner institution in India. As a result, this pushed the start of fieldwoik activity from late 2023 into eaily 2024 which was Ihen further impacted by Ihe election period (circa 4 month delay overall). The research instrument pack was shared with the State Research Teams in April 2024 which comprised of 35 separate documenls coverlng proformas, instruction manuals, survey tools, code books, code sheets, information leaflets, interview guides and data collection spreadsheets. These instruments would be deployed as per the main fieldwork manual document and the implementation plans that were requested from the State Research Teams. At the end of 2024, the project saw State Research Teams progresslng at different rates through their programmes of data collection which comprised of interviews, interview-diary studies, census surveys. transcript translation, focus group discussions and administration data requisitions across their targeted stafflstudent groups at state universities and government colleges, using the instrument pack mentioned earlier. One team has been particularly affected by the retirement of the team lead and consequent institutional block on proceeding, and it may be that this team will cease participation. Significant time by project staff was expended during the fieldwork period to further refine certain elements in the instrument pack as feedback from early engagers highlighted improvements that could be made to ensure that the instruments would be contextually appropFiate for all states. Monlhly online meetings which started in spring 2024 were held with the project State Team members. It was through these meetings that valuable feedback was highlighted and problems troubleshooted. Often identified by the early engager stale teams. this information helped the project team to offer advice, reshape guidance and update instrument documentation lo benefit other State teams. It was also during summer to autumn 2024 period that project staff finalised a further acka e of tools to su ort the State Research Teams TAR M2r¢h 2012

Section D Achievements and performance to perform and submit their dala analysis and findings reports. Late on in 2024 saw the first State teams start to draft their chapters that would form their official project state reports. 2. Phase 2 - module design and delivery With the delay in starting the main fieldwork, the start of Phase 2 was pushed back to January 2025. 3. Key meetings during 2024: Monthly online meetings with the 6 State Research Teams April 2024 onwards Dr Sabharwal visit to Watwick June 2024 (visit report) 2nd Research Advisory Committee August 2024, Online Prof Henderson visit to India September 2024 (visit report) Research Methodology Workshop 2- September 2024 in-person, Delhi India b. Recruitment and staffin The project has continued to be led by Co-Principal Investigators Prof Emily Henderson (WaNick) and Dr Nidhi Sabharwal (NIEPA), supported by Co-lnvestigator Prof Ann Stewart (Warwick). Ms S. Arokia Mary has supported the project throughout 2024 as the sole Research Assistant based at the University of Warwick, with some additional contribution from Ms Ragini Kurana. Matt Phillips has continued as the Research Coordinator (RC) based at Watwick also. Ms Arushi Painuly continued through 2024 as the NIEPA {Delhi) based junior project consultant supporting project activity in India along with Chandrika Kohli as data entry officer. c. Communications - website & social media Throughout the year, project activity generated a number of news items which were posted on the project news page (located at htt s.1lwarwick.ac.uklfaclsoclceslresearchlcurrentlwaheilnews and piomoted on social media:_ Pioject newsletter - Janua 2024 UNESCO IESALC re rts rovide anal sis and ri hltohi her education - January 2024 ro osals on the New publication: 'From ender ari to ender rism, in India her Education Re ort 2022 - Women in Hi her Education, January 2024 Gendered conditions of hi ender rism anal ic throu 2024 her education access.. advancin h the case of Ha ana India April SRHE Accolade for Dr Sabharwal - September 2024 Fair Chance Foundation founder visits Ihe WAHEI team at Wa￿l¢k- September 2024 Project newsletter- October 2024 TAR March 2012

Section D Achievements and performance Open Access publication.. education I" 'Goin bahar OLilside for lil her d. Dissemination activities WAHEI Research Adviso Committee Member Dr Mikateko Mathebula visits Warwick- January 2024 New book receives its Massification Generation- Hi India" June 2024 ublic launch: 'Genderin The her Education Ac￿sS & Choice In Dr Henderson resents at the Develo ment Studies Association DSA annual conference June 2024 London - September 2024 Dr Manika Bora OP Jindal Global Universi WAHEI ro ect - October 2024 India visits the conferen￿ presentation: "A fair chance to le al education? Challen es for 'hi h tariff institutions in India and the UK" October 2024 WAHEI ro ect team members resen Nottin ham UK- December 2024 at the SRHE Conference 3. Summary of project progress from the Prlnclpal Co- Investlgators The project has proceeded very well during this phase, in spite of the delays caused by the elections in India and institutional hold-ups between the state teams and partner institution in India. The fieldwork is ambitious in scope but the teams are highly engaged. for the most part, and have responded enthusiastically to the project. Additional unforeseen benefits have emerged such as the fact that implementing the fieldwork has itself proved impactful for the respondents and state teams, who have learned about the possibilities of higher education outreach Ihrough participating in the study. The delays will mean undertaking the latter stages of the project concurrently. which will place pressure on the core team and require efficient working in the next stage. Fund chlldren and oun adults, educatlon Sponsor Unlverslty student In Costa Rica We are sponsoring a student, Florella Mejias Sancho. to study Advertising at the Latin American University of Science and Technology in Costa Rica. Fundraisln Corporate donations from 1E Ltd. Donations from private donors. TAR March 2012

Section D Achievements and performance TAR March 2012

Section E Financial review The Fair Chance Foundation is funded primarily with donations from 1 E 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, Brlef statement of the charity's policy on reserves Detalls of any funds materlally In deficlt None Further flnancial revlew detalls (Optlonal Informatlon) The Fair Chance Foundation's main source of income is donations from 1 E Limited, a software company, and private donors. 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., investment policy and objeclives including any ethical investment policy adopted. The Charity's operating expenses are rninimal and all funds are distributed to causes supported by the Fail Chance Foundation as outlined above. Section F Other optional information Section G Declaration The trustees declare that they have approved the trustees, report above. Slgned on behalf of the charlty's trustees Slgnature(s) Full name(s) Posltion (eg Secretary, Chalr, etc) Corrie Karayi (née Pope) Director William Edmondson Treasurer Date TAR March 2012