Financial reports 2023-24
The Royal Household today published its annual financial statement, the Sovereign Grant Report, for the financial year 2023-24. The Sovereign Grant is the funding provided to support the official duties of The Sovereign and maintain the Occupied Royal Palaces. It also includes a dedicated amount to fund the ten-year Reservicing of Buckingham Palace, now in its eighth year – a major overhaul of essential building services to ensure the Palace is protected for future generations.
This year’s statement covers a period which included moments of national and international celebration, including The Coronation of Their Majesties The King and Queen in May 2023 and His Majesty’s State Visit to Kenya in October 2023 – the first to a Commonwealth nation as King. It also reflects a time of unforeseen challenges for the Royal Family as both The King and The Princess of Wales stepped back from public-facing duties temporarily, to prioritise their treatment and recovery from cancer.
You can download the documents using the following links:
Sovereign Grant Report 2023-24 (PDF)
Royal Travel Appendix – Sovereign Grant Report 2023-24 (PDF)
Summary – Sovereign Grant Report 2023-24 (PDF)