You can cast the Cure Wounds spell at first level once per day without expending a spell slot, Charisma is your spellcasting Ability for this spell. You can also know the Dancing Lights cantrip.

You have advantage on Saving Throws against being Charmed, and magic can’t put you to sleep.

You have a flying speed of 40 feet. To use this speed you can't be wearing medium, or heavy armor

Your Dexterity score increases by 2 and your Charisma score increases by 1

Every creature in D&D, including every player character, has a special tag in the rules that identifies the type of creature they are. Most player characters are of the Humanoid type. A race option presented here tells you what your character’s creature type is.

Your creature type is both Humanoid and Fey.

If an effect works on at least one of a creature’s types, that effect can work on that creature. For example, if you are both a Humanoid and an Undead, cure wounds works on you, since the spell works on a Humanoid.

Your base walking speed is 25 feet.

fae are between 3-4 feet tall and weight around 40lbs. Your size is Small

You can speak, read, and write Common and Sylvan

Most Fae are Chaotic by nature, with some Seelie court indivuals leaning toward lawful. Fae typically aren't Good usually neutral in the case of the Seelie court or straight Evil for the Unseelie court. The Seelie court isn't above good acts however but they will still play pranks on you regardless, whereas the Unseelie court my humiliate you then kill you.