10:25AM, Tuesday 03 July 2012
The cost of funding the monarchy rose by £200,000 to £32.3million for 2011/12 - but a reduction of 26 per cent over three years.
Figures were revealed in a royal family expenditure report, which said £6.1million was forked out on air and rail travel, while the upkeep of royal residences was £12.2million.
The cost of running Windsor Castle was £3.5million, the same as 2010/11, while the Royal Mews cost £300,000, up from £100,000, and Home and Great Parks £1million - down £100,000.
For the financial period from April 1, 2011, to March 31, 2012 - £1.2million was spent on maintenance projects at Windsor Castle.
They included £400,000 on renewal of lead roofing at Augusta Tower and £300,000 on external repairs of the North Side State Rooms.
Sir Alan Reid, Keeper of the Privy Purse, said the decrease is mainly due to a continuation of a pay freeze, increased income generation and deferral of property maintenance expenditure.
He said: "We are pleased to report that we have achieved this reduction a year ahead of the public expenditure target and managed to transfer £3.3million to the Sovereign Grant Reserve."
Funding of royal finances are in a transitional phase as the old Civil List system is replaced with a new Sovereign Grant model.
The Queen will receive 15 per cent of profits from the £6.7billion Crown Estate, in place of money from the Civil List, which begins in 2013/14.
Editor's Picks
Most read
Top Articles
More than 50 street parties are set to take place this weekend across the Royal Borough of Windsor and Maidenhead and the surrounding areas.
Live coverage of the Platinum Jubilee celebrations taking place this weekend.
An independent report into a Conservative councillor has found a breach of the Royal Borough’s code of conduct in a document seen by the Advertiser.