Fetlar Museum Trust Annual Report and Unaudited Financial Statements
For the year ending 31st December 2025
(Charity number SC023087)
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Reference and Administrative Information
Charity Name: Fetlar Museum Trust
Charity No: SC023087
Address: Fetlar Interpretive Centre Beach of Houbie Fetlar Shetland ZE2 9DJ
Current Trustees
K Ritchie - Chair J St John-Smyth L Robertson C Bolton - Secretary
Structure Governance and Management
The Charity is an unincorporated association.
It is governed by its constitution that was adopted on 6 December 1994.
Appointment of Trustees
The management committee which normally meets on a monthly basis between April and October are the charity’s trustees.
Trustees are appointed at general meetings held every five years and which are open to all residents of Fetlar on the electoral roll.
In addition Trustees can be appointed by the existing committee to fill vacancies.
Management
The trustees are responsible for the strategic direction governance and day to running of the Trust. Some of the day to day running of the centre is delegated to seasonal custodians between May and September each year.
Objectives and activities
The Trustees shall hold the Trust Fund
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A) For the advancement of the education of the general public. By provision of the Interpretive Centre comprising the Existing Collection together with such objects, specimens or collections as may from time to time be acquired in accordance with the provisions of this Deed (‘the Collection’), in respect of which there Weill be strong presumption against any the subsequent disposal of any specimen.
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B) To provide for the protection of the specimens
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C) To form, establish and to support and to aid in the formation of any other charitable companies, institutions, associations, trust or societies formed for objects similar to the objects set out above.
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Activities
The Trust opens the Interpretative Centre between 11am and 3pm week days and reduced hours at weekends from May to September. The Centre is also opened by request for other months.
Achievements and Performance
In 2025 there were 1289 visitors to the Centre between May and September. This was slightly less than 2024.
Craft sales continue to be successful.
The museum has digitised all the taped voices of Fetlar residents greatly improving clarity.
Financial Review
The main source of income is the grant received from the Shetland Amenity Trust, followed by charges to visitors and sales. A smaller grant is received from Shetland Islands Council for tourism promotion. This relates to the hours that the Centre is open.
The main cost to the trust is the payment of custodians when the Centre is open.
There has been an increase in turbine income following the repair.
Reserves Policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to 2-3 months of normal running costs and to cover any unexpected expenditure. Reserves at the end of the year were £11,101 which is within the target range.
Plans for Future Periods
The Fetlar Museum Trust website has now gone live.
The projected budget for 2026 indicates that the Centre will make a loss of around £1,000 unless the turbine inverter is updated.
In the medium term the committee would like to secure funds to purchase a battery to provide resilience and reduce costs.
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Fetlar Museum Trust
Receipts & Payments Accounts - 1st January 2024 - 31st December 2024
| UNRESTRICTED RESTRICTED General Amenity Trust SIC FCC OPENING 9,144.74 9,144.74 |
UNRESTRICTED RESTRICTED General Amenity Trust SIC FCC OPENING 9,144.74 9,144.74 |
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|---|---|---|
| INCOME | ||
| OVO - Turbine Income 1,189.60 Grants 6,520.00 2,668.00 1,400.00 Donations 216.66 Admissions - Fundraising 2,048.10 Book/Map/Postcard Sales 746.89 Refreshments 88.00 Craft Sales 1,972.78 Sunday Teas - Fundraising 425.00 Admissions Cruise Ships 1,056.00 |
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| TOTAL INCOME 7,743.03 6,520.00 2,668.00 1,400.00 |
18,331.03 | |
| EXPENDITURE | ||
| Wages 3,469.80 2,225.68 2,668.00 400.00 Craft Makers (Cash) 999.50 Books 173.00 Refreshments 26.25 Craft Makers and Drinks (Bank) 599.60 Electric 775.89 Insurance 2,172.06 Website 197.23 Advertising/Marketing 222.00 Accountancy 124.00 Wind Turbine Maintenance 927.14 1,000.00 Maintenance 37.07 Equipment 184.66 Membership 40.00 Misc 4.60 Refund (Cruise Ships) 128.00 |
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| TOTAL EXPENDITURE 5,786.48 6,520.00 2,668.00 1,400.00 |
16,374.48 | |
| Surplus 1,956.55 - - - 1,956.55 |
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| CLOSING BALANCE 11,101.29 0.00 0.00 0.00 11,101.29 Represented By Closing Bank 10,482.07 Cash in hand 619.22 CLOSING BALANCE 11,101.29 |
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Notes to the Accounts For the year ending 31st December 2025
1. Basis of Accounting
These accounts have been prepared on the Receipts and Payments basis in accordance with the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended).
2. Grants Received
The Trust received three grants:
2.1 £6,520 from Shetland Amenity Trust this funds Community History projects and this fund allow for payments for custodian salaries and insurance amongst other items but these alone amount to more than the grant.
2.2 £2,688 from Shetland Council in support of Tourist Information when the Centre is open. As this is largely dependent on the custodians this in turn is covered by the expenditure on their salaries.
2.3 The Trust received £1,400 from Fetlar Community Council for new equipment and repairs.
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OSC r
Office of the Scottish Charity Regulator
’ Independent examiner s report on the accounts V2
| Independent examiner’s report on the accountsV2 | Independent examiner’s report on the accountsV2 | Independent examiner’s report on the accountsV2 | Independent examiner’s report on the accountsV2 | Independent examiner’s report on the accountsV2 | Independent examiner’s report on the accountsV2 | Independent examiner’s report on the accountsV2 | |
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| Report to the trustees/members of Registered charity number On the accounts of the charity for the period Set out on page |
FETLAR MUSEUM TRUST | ||||||
| SC023087 | |||||||
| Period start date | Period end date | ||||||
| Day | Month | Year | Day | Month | Year | ||
| 1 | JAN | 2025 | to | 31 | DEC | 2025 | |
| 4 - 5 |
| Respective responsibilities of trustees and examiner Basis of independent examiner’s statement Independent examiner’s statement Signed: Name: Relevant professional qualification(s) or body: Address: |
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act (‘the Act 2005’) and the Charities Accounts (Scotland) Regulations 2006 (as amended)(‘the 2006 regulations’). The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the 2006 Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the 2005 Act and to state whether particular matters have come to my attention. |
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act (‘the Act 2005’) and the Charities Accounts (Scotland) Regulations 2006 (as amended)(‘the 2006 regulations’). The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the 2006 Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the 2005 Act and to state whether particular matters have come to my attention. |
The charity’s trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) 2005 Act (‘the Act 2005’) and the Charities Accounts (Scotland) Regulations 2006 (as amended)(‘the 2006 regulations’). The charity trustees consider that the audit requirement of Regulation 10(1) (d) of the 2006 Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the 2005 Act and to state whether particular matters have come to my attention. |
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| My examination is carried out in accordance with Regulation 11 of the 2006 Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the accounts. |
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| In the course of my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in any material respect the requirements: • to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and Regulation 4 of the 2006 Regulations, and • to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Regulations have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. |
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| Date: | 18/06/26 |
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| Ellen Hughson | |||
| ACIE: Associate | |||
| VoluntaryAction Shetland | |||
| Market House | |||
| 14 Market Street | |||
| LERWICK ZE1 0JP |
Fetlar Museum Trust SC023087
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IE Report 2025
Disclosure section
Only complete if the examiner needs to highlight material problems.
Give here brief details of any items that the examiner wishes to disclose
Fetlar Museum Trust SC023087
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IE Report 2025