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Glastonbury profits down to just £86,000 last year

The festival on Somerset's Worthy Farm revenues break records, but profits fall short. Credit: PA

With about 170,000 people at Worthy Farm in Somerset at the height of the five-day festival in June last year, Glastonbury is recognised as one of the biggest music gatherings in the world.

It may be the country’s biggest festival, but most of Glastonbury's record-breaking revenues last year were absorbed by sizeable charitable donations and upkeep costs.

Pre-tax profits fell from £764,000 in 2013 to just £86,000 last year, new accounts show.

Despite a £25.9 million gross-tax profit, the proceeds were almost all used to cover administrative costs and to honour a commitment to donate a sizeable slice of the proceeds to charity.