Shetland Charitable Trust’s new investment strategy is proving its worth, with externally managed investments returning £27 million (11%) in the latest financial year.

Shetland Charitable Trust is recruiting a new Trustee to its board and contribute towards the Trust’s work of improving the quality of life for people in Shetland.

Trustees of Shetland Charitable Trust today praised the achievements of its funded bodies in enhancing the quality of life in the islands.

The value of Shetland Charitable Trust’s investments increased by more than £30 million in the financial year to March.

The 2017 Annual General Meeting of the Shetland Charitable Trust will be held on Thursday 14th September 2017 at 6.15pm in The Bowlers Bar, Clickimin Leisure Complex, Lerwick.

The value of Shetland Charitable Trust’s investment funds increased by £40 million in the last financial year, a return of almost 20 per cent.

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.

At their meeting held on 20 April 2017, Shetland Charitable Trust Trustees unanimously appointed four new trustees after adopting its new governance arrangements. In addition, there is space on the board for up to four councillor-trustees.

Shetland Charitable Trust has passed a resolution giving effect to the reorganisation scheme approved by the Office of the Scottish Charity Regulator (OSCR) on 5th April.

Chairman of Shetland Charitable Trust Bobby Hunter said: "I'm pleased that OSCR has approved the new governance arrangements that were voted for by a decisive majority of Trustees on 12th May last year.