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Perfectly happy to donate mine too, the money would have gone to local charities anyway if the race had taken place. Race entries are a leisure item really so if I'd needed the money I wouldn't have entered in the first place, so I don't need it back.
Fair play to them for doing it - I doubt they're obliged to, I expect the terms and conditions say that no refunds will be given in the event of a cancellation beyond their control like most other races do.
Agreed, mine can go to charity also.
Yep, if its going to charity then they can keep it.