The Sovereign Grant
2Accounts of the Royal Household
1
The Keeper of Her Majesty’s Privy Purse (referred to in this Act as “the Keeper”) must keep proper accounting records relating to the Royal Household.
2
As soon as practicable after the end of a financial year (“the financial year”), the Keeper must—
a
prepare a statement of accounts of the Royal Household for that year, and
b
give a copy of the statement to the Comptroller and Auditor General (referred to in this Act as “the Comptroller”).
3
The statement of accounts—
a
must state the amount of net relevant resources used for the financial year, and
b
subject to that, must be prepared in accordance with any directions given by the Treasury to the Keeper.
4
The directions that may be given include directions as to—
a
the information to be contained in the statement and how it is to be presented,
b
the methods and principles in accordance with which the statement is to be prepared, and
c
any additional information that is to accompany the statement.
5
As soon as practicable after receiving the statement of accounts, the Comptroller must—
a
examine, certify and report on the statement, and
b
give a copy of the report and statement to the Treasury.
6
The Treasury must—
a
lay a copy of the report and statement of accounts before Parliament, and
b
give a copy of the report and statement to the Royal Trustees.
7
For the purposes of subsection (3)(a) the amount of net relevant resources used for a financial year is—
a
the amount of resources used for that year by the Royal Household in support of Her Majesty’s official duties, minus
b
the amount of income of the Royal Household for that year (excluding the Sovereign Grant).
8
For the purposes of Part 2 of the National Audit Act 1983 (economy, efficiency and effectiveness examinations) the Royal Household is to be treated as a body within section 6(3)(c) of that Act.