The royal finances were released yesterday – both the Queen and Prince Charles released their financial accounts for the 2016-17 year (from April 1, 2016 to March 31, 2017). In this article, I am only going to look at the expenses for Prince William, Kate Middleton, and Prince Harry.
The travel expenses for the Royal Trio are paid for by the Sovereign Grant (and can be found in the Queen’s report) while the rest of the Trio’s official expenditure is paid for by the income from the Duchy of Cornwall (and can be found in Charles’ report).
The Sovereign Grant report only itemizes the journeys which cost £15,000 or more, but of the itemized journeys William, Kate, and Harry cost a grand total of £179,608. William and Kate’s India and Bhutan tour alone cost £97,703 (just in travel costs, not including clothes, etc). Below is the itemized list of the Trio’s journeys:
- Royal | Method of Travel | Date | Trip | Cost (£)
- William & Kate | Scheduled Flight | April 9-17, 2016 | India and Bhutan | 35,372
- William & Kate | Charter | April 9-17, 2016 | India and Bhutan | 62,331
- William, Kate & Harry | Charter | June 30 – July 1, 2016 | Somme | 24,241
- William | Scheduled Flight | Nov 15-17, 2016 | Vietnam | 37,334
- William & Kate | Charter | March 17-18, 2017 | Paris | 20,330
The travel costs for the above tours also include the costs associated with staff undertaking visits in advance in order to plan the tour programs.
The summary of other journeys costing less than £15,000 each include: 213 helicopter journeys totaling £731,889; 56 charter flight journeys totaling £512,635; unknown amount of scheduled flights totaling £124,825; and unknown amount of scheduled rail journeys totaling £77,703.
Travel by between residences is categorized as official. The summary of journeys costing less than £15,000 each is not broken down by household nor by journey, so of those totals we don’t know how much of it went to the Canada tour, the Caribbean tour, Kate’s trip to the Netherlands, travel between residences, the Trio in general versus the other royals, etc.
Outside of the Trio’s travel costs, their expenses are paid for by the income from the Duchy of Cornwall. Charles’ reports does not itemize the expenses of William, Kate, and Harry, instead lumping it all together with other expenses as “Funding for the activities of The Duke and Duchess of Cambridge and Prince Harry, other expenditure including capital expenditure, and transfer to reserves”. In fiscal year 2016-17, that totaled: £3,529,000. We have no way to know how much of that sum is being spent on the Trio versus other expenditure, or how much is spent on each individual Trio member.
The amount disclosed as “Funding for the activities of The Duke and Duchess of Cambridge and Prince Harry, other expenditure including capital expenditure, and transfer to reserves” has risen steadily over the last few years:
- Fiscal Year | Cost (£)
- 2014-15 | 2,965,000
- 2015-16 | 3,249,000
- 2016-17 | 3,529,000
That number will only continue to rise as the Trio increases their royal duties, the Cambridge children get older, and Harry gets married and has children.
The Royal Foundation of the Really Long Name has released their 2016 financial reports as well. I will cover that in a separate post (which won’t be completed until next week as I don’t have time to go through those this week).