Present
Aster Belay, Siobhan Crawley, Feyisa Demie, Brian Foster, Muluneh Oli
Apologies
Girma Gebresenbet, Bekana Edossa, Gosaye Fida, Fekadu Abebe, Teferi Degeneh, Michael Hawkins, Addis Alem Deressa
Minutes of previous meeting
No minutes are available
Matters arising
Brian circulated the application form for CAF Bank. He felt there were a number of questions which explained, perhaps, why our applications to Co-op and NatWest had been rejected. Girma agreed to draft proposed answers to these questions based on his experience and bring the completed form back to the next meeting. (Today unfortunately he is unwell.)
Bekana has offered to use his professional skills to oversee financial relationships between WDEF and WADA.
Finance
Draft finance plan
Aster plans to do tee-shirts for now and is keeping receipts for purchase of tee-shirts.
Feyisa says there are charities already working in Ethiopia. We should make a list.
Siobhan is planning to initiate the GoFund campaign to run during September October (preparation before).
Cultural breakfast, garden breakfast and garden dinner.
Michael has agreed to lead on Camden schools supported by Feyisa.
Action
Brian and Feyisa to draw up a list.
Brian to add items for sale to website.
| Funding activity | Target % | Target £ | Lead | Start | Execute | Closure |
|---|---|---|---|---|---|---|
| Our(trustees) contribution (with friends around us) | 10% | £10,000 | Aster | End July | September | December |
| Go fund | 20% | £20,000 | Brian and family | August | October | December |
| Sponsorship | 50% | £50,000 | Girma and Brian | July | November | February 2022 |
| Evening(night) | 5% | £5,000 | Teferi, Feyisa and Aster | August | October and December | January 2022 |
| Auctions | 2% | £2,000 | Fekadu | July | October | December |
| Dinner club | 5% | £5,000 | Aster | July | August | December |
| School – Camden | 3% | £3,000 | Michael and Feyisa | August | September | December |
| Crowdfunding | 5% | £5,000 | Siobhan and Muluneh | July | September | December |
| 100% | £100,000 |
Risk assessment
Siobhan drew our attention to the Key Risks document which has been drawn from the responses of Founders to the survey she circulated.
Siobhan will update the Risk Assessment and suggest possible ways to mitigate risks. She will bring it back to the Founders for discussion.