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The value of Shetland Charitable Trust’s externally managed investments tumbled in October due to the major drop in world equity markets.They dropped by £20 million from £283 million to £263 million during that month as continued political uncertainty, trade disputes and Brexit damaged conf... Read more...
A bumper three month period saw Shetland Charitable Trust's reserves surge to £309 million though chairman Bobby Hunter warned of "volatile" markets.On Tuesday evening trustees were presented with a report which detailed the trust's performance in the last financial year. This showed total trus... Read more...
Shetland Charitable Trust has seen a £20 million boost in its investments in the last year.Trustees heard at a meeting on Thursday night that the market value of investments at the end of March were at £252 million, up from £232 million in the previous 12 months.Fund managers gave in-dept... Read more...
In The Shetland Times this week...• Failed attempts to secure new grounds for motorbike and goods vehicle tests have led to fears over the potential economic impact.• SIC staff are set to return to the White House HQ at North Ness next week, 18 months after the building was evacuated... Read more...
The property investment company owned by Shetland Charitable Trust has appointed two new directors.Former Lerwick Port Authority chairman Brian Anderson and Sodexo facilities manager Colin Clark will sit on the SLAP board in non-executive roles after being approved by the charitable trust truste... Read more...
I have thought long and hard about whether to write this letter but I am deeply concerned that staff at Shetland Amenity Trust are facing job losses because of longstanding issues of financial management that are not of their making. (The Shetland Times, online, "Jobs could be cut as amenity trust g... Read more...
Plans are afoot for a public meeting which will help determine the long-term future of the Garrison Theatre in Lerwick.Earlier this year the theatre was thrown a lifeline with support pledged by Shetland Arts until the end of March 2020.But what happens after that is unknown – because the ... Read more...
The Swan Trust has gained a £3,000 windfall thanks to the efforts of West Side school pupils – but warnings have been made the organisation is heading through unchartered waters because of funding cuts.Fears have even been voiced that the historic sail training ship Swan may end up being sold... Read more...
The fiasco/furore over the recent offer of a seat on Shetland Charitable Trust, to a person who subsequently decided not to accept the offer, surely raises questions about the judgment of the trustees, does it not?The affair certainly underlines the desirability of having a majority of trustees ... Read more...
Newly-selected trustee Malcolm Younger has informed Shetland Charitable Trust Chairman Bobby Hunter that he will not be taking up his place on the board. Mr Hunter said he had accepted Mr Younger's decision. Read more...