The Royal Albert Hall has announced its best ever financial year in 2013. The venue, which is run as a charity, brought in operating income of £18.6 million - a rise of 10.4% year-on-year and surplus of £5.3 million. Audience numbers also grew by 7%, with 1.7 million people attending 390 shows, which helped to achieve the income boost. As did £1 million in donations and £1.7 million in sponsorship - the latter up 27% on 2012. The venue's COO Jasper Hope said "I'm enormously proud that our continued financial success is allowing us to build upon Prince Albert's legacy for the Hall to be a leading showcase for the arts and sciences. By encouraging more visitors through our doors we're raising vital revenues to support the maintenance and running costs of this iconic venue, as well as enabling to plan for ambitious new development projects to take us beyond our 150th anniversary and all the while offering a global stage for an annual calendar of world class performances". Photo: Drow Male (2008).
Friday, 2 May 2014
The Royal Albert Hall announces record financial results
The Royal Albert Hall has announced its best ever financial year in 2013. The venue, which is run as a charity, brought in operating income of £18.6 million - a rise of 10.4% year-on-year and surplus of £5.3 million. Audience numbers also grew by 7%, with 1.7 million people attending 390 shows, which helped to achieve the income boost. As did £1 million in donations and £1.7 million in sponsorship - the latter up 27% on 2012. The venue's COO Jasper Hope said "I'm enormously proud that our continued financial success is allowing us to build upon Prince Albert's legacy for the Hall to be a leading showcase for the arts and sciences. By encouraging more visitors through our doors we're raising vital revenues to support the maintenance and running costs of this iconic venue, as well as enabling to plan for ambitious new development projects to take us beyond our 150th anniversary and all the while offering a global stage for an annual calendar of world class performances". Photo: Drow Male (2008).
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