Minutes:
MINUTES
OF MEETING OF TRUSTEES ON MONDAY 2 MARCH 2021 VIA FLADGATE TEAMS
Present:
Norma Empringham, Sangdeep Bakhshi, Lissa
Campbell, Guy Cowley, Will Jones, Tom Marshall-Andrews, Gill Marshall-Andrews, Johnnie Morris, Luke Morris, Ben Taylor,
In
attendance: Stephen Kameti
Apologies: Douglas
Pinto
1. Sangdeep Bakhshi was welcomed to the
meeting as a new Trustee and future Treasurer.
2.
Minutes of the meeting on 7 December 2020
were agreed.
3. School and country update
GMA presented her report which gave an
update on Kenya and the schools. Stephen
Kameti’s report was also welcomed.
4. Karui Ltd
Douglas’s report on the Karui accounts
was noted.
5.
Funding
We have received donations from PRD
(£3375) and from Tom Holroyd (£12,500).
GMA will follow up on several
suggestions for future funding.
6. Bank mandate change
Guy has received signed forms from
Norma, Will, Lissa, Gill, Luke, Tom and himself. Still to come are Douglas, Ben and
Johnnie. These will have to wait till
Douglas’ return but there is no rush as Guy is not now planning to leave UK
till 2022. When the remaining forms are
in place we will hope the bank will accept all 10 signatories and allow us to change
the bank mandate to reduce the number of signatories to 5 ie Guy, Sangdeep,
Douglas, Luke and GMA.
7. Finance
Guy presented his report on current
finances showing a balance of £27.9k of which around £9k is ring fenced for
Mitamysi, £2700 for Loldia, and £16k is unrestricted.
The Karui balance is 1,250,000 Kes ie
around £8600. All is allocated to
projects or schools. Some projects have
been delayed due to the pandemic and one in particular for Mitamysi (the sports
project) is likely to come in much lower than anticipated. The aggregated balance of funds for Mitamysi
is thus increased by KES 375k to a total of
around £11,600. There was a discussion about whether to apply this to
smaller projects in the PRD programme or wait till the next PRD payment which
might bring in enough to fund the library.
It was agreed that we would make a decision when it is known if the PRD
will run this year.
8.
Proposals for funding
GMA presented a list of projects for
funding. The total sum agreed was
£10,830.
9. Next meeting
The next meeting was arranged for 6pm on Wednesday 12 May 2021 via Lissa’s zoom. Thank you Luke and Lissa for your hosting.
