Shetland UHI
Latest income
£7.0m
Latest spending
£7.3m
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a total comprehensive expenditure deficit of £630,000 for the year ended 31 July 2025, resulting in unrestricted reserves of £3,172,000. Per the trustees' report, the college faces significant financial pressure due to sustained declines in real-terms funding and rising inflationary costs, though it maintains sufficient cash reserves to meet liabilities as they fall due.
What the accounts disclose
Related-party transaction: UHI Shetland is a constituent partner of the University of the Highlands and Islands (UHI). During the year, the College transacted with UHI of which £59,875 (2024: £104,855) was due from UHI and £2,407 (2024: £116,382) was due to UHI and £600,000 (2024: £1,075,338) monies paid as advance. During the year income of £3,333,905 (2024: £3,627,321) was received in relation to funding body grants and £299,529 (2024: £229,190) from research grants. There were net sales of £170,586 (2024: £168,484) and costs of £90,725 (2024: £116,382) was paid to UHI.
“Shetland UHI is a constituent partner of the University of the Highlands and Islands (UHI). During the year, the College transacted with UHI of which £59,875 (2024: £104,855) was due from UHI and £2,407 (2024: £116,382) was due to UHI and £600,000 (2024: £1,075,338) monies paid as advance. During the year income of £3,333,905 (2024: £3,627,321) was received in relation to funding body grants and £299,529 (2024: £229,190) from research grants. There were net sales of £170,586 (2024: £168,484) and costs of £90,725 (2024: £116,382) was paid to UHI.” — page 59
Per FY2025 accounts as filed with OSCR.