Growth in value of Trustâ€™s market investments

June 7th 2019

The value of Shetland Charitable Trustâ€™s externally managed investments was Â£282 million at the end of the financial year 2018-19.

Growth in value of Trust’s market investments

The value of Shetland Charitable Trust’s externally managed investments was £282 million at the end of the financial year 2018-19.

Reserves recovered in the first quarter of 2019 after dipping to £263 million in October due to turmoil on the financial markets.

Overall, funds under management of Baillie Gifford, BlackRock, Schroders and Insight increased in size by £28 million (11.3%) from April 2018.

“These are good figures,” said Trust chief executive Ann Black, “but the Trust views its investments on a long-term basis, not from year to year.

“That allows us to ensure stability in our spending patterns and to preserve the funds for future generations to benefit from.”

Testimonials

The funding COPE Ltd receives from the Shetland Charitable Trust supports us in many ways. It allows us to develop and maintain a strong foundation to our core business and assists us to provide on-going employment skill development opportunities to people with disabilities living within Shetland. COPE Ltd highly values the support provided to our organisation by The Shetland Charitable Trust.

“The substantial grant made to us by Shetland Charitable Trust every year allows us to provide first-class facilities and dedicated staff to underpin sporting success among people of all ages and abilities in the islands.”

Having this core funding from the Charitable Trust means that we can use that money where we need it at any given time. It's multi-year funding which really takes the pressure off. To have the funding to keep going is really important as it is improving the lives of disabled folk in Shetland.

The funding that we get from the Charitable Trust pays for part of staff support and matching with other funders. Without local funders we wouldn't have national funders, and without either of those funders, we wouldn't be able to do this, so funding from the Shetland Charitable Trust is incredibly important.

The funding Shetland Arts gets from Shetland Charitable Trust is about making sure the organisation can thrive, access other funds, and deliver on behalf of the community of Shetland. Our funding from the Shetland Charitable Trust really helps us with our conversations with national funders because it shows that we're working on behalf of what the local objectives and priorities are.

The Access to Leisure scheme was introduced to allow folk to be able to get access to classes and activities for a lower cost. I feel that the SRT play a critical role in every community across Shetland and that's all down to the funding of the Shetland Charitable Trust that we're able to maintain that.

Unpaid carers do an amazing job looking after people 24/7 in their own homes, keeping them living at home safely, and they really need help to do that. Thanks to the funding from Shetland Charitable Trust, we've been able to employ a deputy manager, recruit more care attendants, and provide overnights. We're also really grateful for the funding because it means that everybody can get the service for free.