Financial reports 2014-15
The Sovereign Grant Annual Report for 2014-15 states that net expenditure was £35.7m, the same figure spent by the Royal Household in the previous financial year.
The increase in Sovereign Grant funding received, meant that £2.2m was placed into the reserve fund. This is in line with PAC recommendations.
Sir Alan Reid, Keeper of the Privy Purse, said:
"The Queen, The Royal Family and the Household continue to provide excellent value for money: at 56p per person annually. We've worked hard this year to bear down on costs, to maintain revenue and to ensure that the additional funding in the 2014/15 Sovereign Grant has been placed into the reserve. Over the coming years, the maintenance of the Estate and in particular Buckingham Palace will present a significant financial challenge. We will continue to work closely with the Royal Trustees to ensure that the funding for the Royal Household reflects that challenge."
The King's speech at the State Banquet for the Republic of Korea
As our nations strive towards a harmony between progress and preservation, between the past and the present, we can look to the future with great confidence as our peoples...
The Queen's speech at the Foreign Press Association Awards 2023
Yours is an awe-inspiring responsibility: you question, debate and analyse and thus protect what is so easy for us to take for granted – true freedom of expression.
The Queen's speech at The Queen’s Commonwealth Essay Competition 2023
Well done to each and every one of you – you are quite brilliant and I have, as ever, enormously enjoyed reading your entries.
The Prince of Wales visits Manchester, launching latest Community Impact Project16 November 2023
The Princess of Wales delivers keynote speech at Shaping Us National Symposium15 November 2023
Charities founded by His Majesty The King as The Prince of Wales
Further information about the State Visit of the President of the Republic of Korea
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As we look ahead to COP twenty-eight in another months time, we must remember what President Ruto said at the Africa Climate Summit – “we go far when we go together”.
A Speech by His Majesty The King at the State Banquet, Kenya
We both take considerable pride in renewing the ties between the United Kingdom and Kenya, a country that has long held such special meaning for my family.