FAIR CHANCE FOUNDATION
Fair Chance Foundation aims to advance the education of children and young adults. Primarily focused on fundamental research to help young adults into tertiary education and vocation. We also provide direct help to a select set of children and young adults, whom we have built long term pastoral care relationships with through various charitable projects.
Financial health, per its FY2024 accounts
The accounts state that the charity's main source of income is donations from 1E Limited and private donors, with total receipts of £125,000 and total payments of £125,595 for the period. Per the trustees' report, the charity maintains minimal operating expenses and distributes all funds to supported causes, resulting in unrestricted cash reserves of £782 at year-end. The trustees declare that sufficient funding is available to meet liabilities, indicating no immediate financial risk to continuing operations.
What the accounts disclose
“The Fair Chance Foundation’s main source of income is donations from 1E Limited, a software company, and private donors.” — page 8
“The Fair Chance Foundation’s main source of income is donations from 1E Limited, a software company, and private donors.” — page 8
Trustees
- SUMIR KARAYIchair
- CORRIE KARAYI
- WILLIAM EDMONDSON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £125k | £126k |
| 31/12/2023 | £127k | £132k |
| 31/12/2022 | £135k | £135k |
| 31/12/2021 | £50k | £50k |
| 31/12/2020 | £56k | £54k |
Common questions
Is FAIR CHANCE FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity's main source of income is donations from 1E Limited and private donors, with total receipts of £125,000 and total payments of £125,595 for the period. Per the trustees' report, the charity maintains minimal operating expenses and distributes all funds to supported causes, resulting in unrestricted cash reserves of £782 at year-end. The trustees declare that sufficient funding is available to meet liabilities, indicating no immediate financial risk to continuing operations. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE WESTMINSTER FOUNDATION | 2 | £483k |
| WALCOT EDUCATIONAL FOUNDATION | 2 | £105k |
| THE BERKELEY CHARITABLE FOUNDATION | 1 | £1.7m |
| SOCIAL BUSINESS TRUST | 1 | £844k |
| THE MOHN WESTLAKE FOUNDATION | 1 | £620k |
| PERSULA FOUNDATION | 1 | £510k |
| THE PERMIRA FOUNDATION | 1 | £203k |
| THE FIDELITY UK FOUNDATION | 1 | £150k |
Charities like this
- CHANCE (UK) LIMITED
- TUTORFAIR FOUNDATION
- COMMUNITY HELP AND NEIGHBOURLY CARE FOR EVERYONE
- FAIR WAYS FOUNDATION
- THE FAIRNESS FOUNDATION
- CFYDC (CHANCE)
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| FAIR CHANCE FOUNDATION | £125k | — | 0 | unclear | — | no doubt |
| CHANCE (UK) LIMITED | £1.7m | — | — | unclear | — | noted |
| TUTORFAIR FOUNDATION | £226k | — | 0 | unclear | — | no doubt |
| COMMUNITY HELP AND NEIGHBOURLY CARE FOR EVERYONE | £100k | — | 0 | unclear | — | no doubt |
| FAIR WAYS FOUNDATION | £581k | — | 0 | below | — | not going concern |
| THE FAIRNESS FOUNDATION | £242k | — | — | unclear | — | no doubt |