Prince Charles' Annual Report: Queen's Diamond Jubilee, 'Skyfall' Premiere Highlighted
The heir to the throne's funding from the taxpayer falls 47 percent for the fiscal year that ended in March, from $3.2 million (£2.1 million) the previous year to $1.7 million (£1.1 million).
LONDON -- The Queen's Diamond Jubilee, London's 2012 Olympics and the world premiere of Skyfall are all part of an "exceptional year" for Prince Charles.
According to the royal's annual financial and activity report published Friday, income for the sovereign grant and other Government departments – taxpayers' money -- fell from $3.2 million (£2.1 million) to $1.7 million (£1.1 million) between 2012 and 2013.
The Prince of Wales' accounts noted that the royal's charities raised $213 million (£139 million) across the board.
The proceeds from Skyfall, while not broken out, all went to charities that support members of the three intelligence agencies – the Secret Intelligence Service (MI6), the Security Service (MI5) and GCHQ – at Prince Charles' request.
The Prince also saw his private funding increase by 4 percent to $29 million (£19 million) as a result of income from the Duchy of Cornwall -- the estate given to the heir to the throne to provide him or her with an income.
The review also indicates that Prince Charles and his wife, the Duchess of Cornwall Camilla Parker-Bowles, traveled 58,000 miles on official duties last year and went to 100 towns and cities in the U.K., with the decline in taxpayer funding attributed to a reduction in costs on trips, with overseas countries footing more of the bill for travel costs.
Spending on official travel paid for through the sovereign grant – the new funding system which has replaced the civil list – and grants-in-aid fell during the period from $2 million (£1.3 million) to $985,000 (£644,000).
The Prince's tax bill fell slightly, by $107,000 (£70,000) to $6.7 million (£4.4 million), a drop of 1.5 percent.
The details came a day after the queen is to receive a 5 percent income boost after the Crown Estate announced a record profit of $387 million (£253 million).
The Crown Estate, whose profits are linked to the monarch's income, owns a property portfolio and manages the country's coastal waters.
The sovereign grant will rise next year from $55.2 million (£36.1 million) to $58 million (£37.9 million).
The grant funds the queen's spending as head of state and is calculated as a percentage of Crown Estate properties.
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