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Royal Highland income slashed by £4m due to coronavirus : comparemela.com
Royal Highland income slashed by £4m due to coronavirus
Royal Highland income slashed by £4m due to coronavirus
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© Tim Scrivener
The coronavirus pandemic has led to a £4m drop in income for the Royal Highland and Agricultural Society of Scotland (RHASS), according to its latest accounts.
A “no show” year and the mass cancellation of events scheduled to take place at the Royal Highland Centre were the main contributors to the 44% drop in income for the year ending 30 November 2020, compared to the previous year (£9.01m).
Spending was down 46% to £5.28m in 2020, compared to £9.75m in 2019.
Fundraising campaigns secured more than £500,000 in the year, and the RHASS thanked the farming community for its support.
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