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1. www.royal.uk › sites › defaultSovereign Grant Annual Report and Accounts 2022-23 for laying

   www.royal.uk › sites › default

   Royal Palaces has been provided under the Sovereign Grant Act 2011 and is referred to as the ‘Sovereign Grant’. The Royal Trustees agreed to increase the Sovereign Grant for a period of 10 years from 2017-18 to fund the Reservicing of Buckingham Palace.

2. www.royal.uk › sites › defaultTHE SOVEREIGN GRANT AND SOVEREIGN GRANT ... - The Royal Family

   www.royal.uk › sites › default

   In July 2023 the Royal Trustees agreed the total Sovereign Grant for the financial year 2024-25 and until the next review in 2026-27 will be 12% of the income account net surplus of The Crown Estate for the

3. www.gov.uk › collections › sovereign-grant-accountsSovereign Grant accounts - GOV.UK

   www.gov.uk › collections › sovereign-grant-accounts

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   This collection brings together Sovereign Grant annual reports and accounts.

   The Sovereign Grant Act 2011 which came into effect from 1 April 2012 consolidated the funding provided to support the official duties of the Queen and maintain the Occupied Royal Palaces that up to 31 March 2012 had been provided under the Civil List and the Grants-in-aid for the maintenance of the Occupied Royal Palaces, Royal Travel and Communications and Information.

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   •The Sovereign Grant and Sovereign Grant Reserve annual report and accounts 2022 to 2023

   •The Sovereign Grant and Sovereign Grant Reserve annual report and accounts 2021 to 2022

   •The Sovereign Grant and Sovereign Grant Reserve annual report and accounts 2020 to 2021

   •The Sovereign Grant and Sovereign Grant Reserve annual report and accounts 2019 to 2020

   •The Sovereign Grant and Sovereign Grant Reserve annual report and accounts 2018 to 2019

   •The Sovereign Grant and Sovereign Grant Reserve annual report and accounts 2017 to 2018

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   • Author: HM Treasury

4. en.wikipedia.org › wiki › Sovereign_Grant_Act_2011Sovereign Grant Act 2011 - Wikipedia

   en.wikipedia.org › wiki › Sovereign_Grant_Act_2011

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   Annual financial accounts are published by the Keeper of the Privy Purse [6] and audited by the National Audit Office, making the Sovereign Grant more accountable than its predecessor. [9] Funding to the Royal Household is treated similarly to funding for other government departments, unlike previous Civil List payments.

5. assets.publishing.service.gov.uk › media › 65fdbfSovereign Grant Act 2011 - GOV.UK

   assets.publishing.service.gov.uk › media › 65fdbf

   Section 6 of the 2011 act as amended by the Sovereign Grant Act 2011 (Change of Percentage) Order 2024,5 provides that the amount of the grant for a financial year ( ythe relevant financial year)...

6. www.gov.uk › sovereign-grant-act-2011-guidanceSovereign Grant Act 2011: guidance - GOV.UK

   www.gov.uk › sovereign-grant-act-2011-guidance

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   Aug 8, 2023 · The Royal Trustees (the Prime Minister, the Chancellor of the Exchequer and the Keeper of the Privy Purse) prepare a formal report recommending the amount of the Sovereign Grant for the next...

7. People also ask

   How is the statement of accounts of the Sovereign Grant reserve prepared?

   • the statement of accounts of the Sovereign Grant Reserve has been properly prepared in accordance with Section 4 of the Sovereign Grant Act 2011 and HM Treasury directions issued thereunder.

   Sovereign Grant Annual Report and Accounts 2022-23 for laying

   www.royal.uk/sites/default/files/documents/2024-07/Sovereign Grant Report 2023-24.pdf

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   What does the Sovereign Grant cover?

   • The Sovereign Grant only accounts for one part of the total cost of running the monarchy. The Sovereign Grant does not cover the costs of police and military security and of armed services ceremonial duties nor does it cover the costs of royal ceremonies or local government costs for royal visits.

   Sovereign Grant Act 2011 - Wikipedia

   en.wikipedia.org/wiki/Sovereign_Grant_Act_2011

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   How much is the Sovereign Grant for the financial year 2024-25?

   • e financial year 2024-251.12 The amount of the Sovereign Grant for the financial year 2024-25 is £86,300,000.1.13 A statement of how that amount has been determined by the Royal Trustees is included i ael Stevens March 202413 Sect on 5(2) of the 2011 act.14 Section 5(3)

   Sovereign Grant Act 2011 - GOV.UK

   assets.publishing.service.gov.uk/media/65fdbf6065ca2ffef17da79b/Royal_Trustees_Report_2024-25__2_.pdf

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   How does the Sovereign Grant work?

   • The Sovereign Grant funds the employment costs of 21 of the 27 active members of the scheme as at 31 March 2024. Pension contributions are paid directly to the Consolidated Fund and, in turn, pension benefits are paid directly from the Consolidated Fund as a Standing Service on a defined benefit basis.

   Sovereign Grant Annual Report and Accounts 2022-23 for laying

   www.royal.uk/sites/default/files/documents/2024-07/Sovereign Grant Report 2023-24.pdf

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   When was the Sovereign Grant and Sovereign Grant Reserve annual report updated?

   • The latest Sovereign Grant and Sovereign Grant Reserve annual report and accounts were updated with 'The Sovereign Grant and Sovereign Grant Reserve annual report and accounts 2018 to 2019'. The previous report was also updated with 'The Sovereign Grant and Sovereign Grant Reserve annual report and accounts 2017 to 2018'. The first publication is mentioned.

   Sovereign Grant accounts - GOV.UK

   www.gov.uk/government/collections/sovereign-grant-accounts

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   What happens if a Sovereign Grant is not spent in a year?

   • If the whole of the Sovereign Grant is not spent in a given year, the surplus is paid into a Reserve Fund, controlled by the Royal Trustees. The amount that may accumulate in the Reserve Fund is limited in line with the provisions set out in the Sovereign Grant Act 2011.

   Sovereign Grant Act 2011: guidance - GOV.UK

   www.gov.uk/government/publications/sovereign-grant-act-2011-guidance/sovereign-grant-act-2011-guidance

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8. assets.publishing.service.gov.uk › governmentSovereign Grant Act 2011 - GOV.UK

   assets.publishing.service.gov.uk › government

   Under section 1(1) of the Sovereign Act 2011 (“the 2011 act”) the Treasury is to pay His Majesty a Sovereign Grant (“the grant”) for each financial year.1 The purpose of the grant is to...