"Income for St Andrews Links Trust tops £20 million for first time"

More money for the next Castle Course renovation!

And according to The Courier's Andrew Argo, this is before the windfall from The Open (though the Old Course was closed for a month prior).

St Andrews Links Trust meets the charity test of providing public benefit through the advancement of public participation in sport.

It does this through “the provision of recreational facilities, or the organisation of recreational activities, with the object of improving the conditions of life for the persons for whom the facilities or activities are primarily intended”.

Local residents and members of the Royal and Ancient Golf Club enjoy privileges in the form of lower annual links fees. This year St Andrews residents can play on all courses for just £200.

Spending increased by 5.5% to £19.16m, with the largest component being payroll costs, which were up 12.3% to £9m. Maintaining the golf links and its associated activities needs a workforce of almost 300.