The recent letter in The Shetland Times signed by 10 charitable trustees makes interesting reading. The end paragraph states that the trust money is, quite rightly, being used to support charitable causes as the founders intended.
Strangely there is no mention of the millions of pounds lost by ridiculous failed investments in various companies all approved by past and present trustees. This public money was never intended for trustees to play at being venture capitalists, their latest foray being the Viking Energy windfarm.
On 6th July 2011 eight of the trustees voted at a questionably quorate meeting to allow a further £420,000 to be paid to the VE company. A portion of this money is being used to pay a salary, amount confidential, to councillor Allan Wishart. Viking Energy also sent numerous people on a jolly – or as councillor Manson calls it, a learning journey – to Glasgow to view the Whitelee windfarm. None of this can be considered as a remotely charitable cause.
It would seem that the true purpose of the charitable trust has been sadly mishandled.