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Section 5 Annual report as to the amount of Sovereign GrantC2C1

(1)

In each financial year the Royal Trustees must prepare a report—

(a)

stating their determination in accordance with section 6 of the amount of the Sovereign Grant for the following financial year, and

(b)

setting out how that amount has been determined.

(2)

The report must be prepared as soon as practicable after the Comptroller has done all of the following—

(a)

reported under section 2 on the statement of accounts of the Royal Household for the previous financial year,

(b)

reported under section 4 on the statement of accounts of the Reserve Fund for that year, and

(c)

reported under section 2 of the Crown Estate Act 1961 on the statement of accounts for that year prepared by the Crown Estate Commissioners under that section.

(3)

The Royal Trustees must give a copy of the report to the Treasury.

(4)

The Treasury must lay a copy of the report before Parliament.

Annotations

Modifications

C1

S. 5: the Sovereign Grant provisions are continued (11.9.2022) and will now expire 6 months after the end of the present reign by The Sovereign Grant Act 2011 (Duration of Sovereign Grant Provisions) Order 2022 (S.I. 2022/954), arts. 1(2), 2

C2

For duration of Sovereign Grant provisions (ss. 1-9, 11, 12) see s. 16(1)-(3)