Financial reports 2014-15
Published
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."
sovereign_grant_summary_2014-15.pdf
(162.26 KB)
sovereign_grant_annual_report_2014-15.pdf
(971.1 KB)
royal_travel_appendix_201415.pdf
(338.49 KB)
Related content
A message from The King on the 75th Anniversary on the Founding of N.A.T.O.
Message from The King for the 2024 Royal Maundy Service
It is my special prayer today that Our Lord’s example of serving one another might continue to inspire us and to strengthen all our communities.
The Queen's speech at a reception to mark the results of The Queen’s Reading Room study
We share a very special bond, ladies and gentlemen – our love of books. Thank you for helping to spread the word.
Message from The King to mark the 70th anniversary of the end of the Korean War
It is our duty to remember what was once called “the Forgotten War”.
The Duke and Duchess of Sussex
A speech by Her Majesty The Queen at a reception to celebrate International Women’s Day and to mark the end of the WOW Girls Festival Bus tour
Let your lives be the stones that will shatter glass ceilings everywhere and inspire generations to come.
The King's Commonwealth Day Message 2024
The Commonwealth family is strongest when we are connected, through friendship.
A speech by The Duchess of Edinburgh at the Community Sport and Recreation Awards, at Headingley Stadium, Leeds, ahead of The Duke of Edinburgh’s 60th birthday.
He is the best of fathers, the most loving of husbands and still is my best friend.
A speech by Her Majesty The Queen at the Grand Final of BBC's 500 Words, Buckingham Palace
Between you, you have created more than a million stories of thought-provoking adventure for future generations to study and enjoy. Thank you to everybody who has taken part...
A message of condolence from The King to the President of Tanzania following the passing of former Tanzanian President, Ali Hassan Mwinyi
My thoughts and prayers are with former President Mwinyi’s family and the Tanzanian people at this time.
A speech by The Duchess of Edinburgh, via video message, at the Restoration of the Conflict-Related Sexual Violence Survivors’ Rights Conference, Ukraine
We must stand shoulder to shoulder with all survivors to secure justice and holistic redress, and ensure that this crime isn’t an accepted part of conflict.
Charities and Patronages
The King's message marking two years of conflict in Ukraine
My heart goes out to all those affected, as I remember them in my thoughts and prayers.