This document contains the following information: Report of the Royal Trustees.
The Civil List Act 1972 provides that where the annuity payable under the Act exceeds the Civil List expenditure for the year, the excess may be paid to the Royal Trustees to be accumulated by them and applied to meet deficiences in future years.
At 31 December 2000 a reserve of 35.6 million had been accumulated which was available to be carried forward into the next ten year period. The Royal Trustees report 2000 recommended that the level of Civil List payments should remain unchanged at 7.9 million a year.
It was expected that the Royal Household would draw down the Civil List Reserve during the decade to 2010. By 2010 the amount so absorbed by the Royal Household had risen to some 3.6 million a year, i.e. 24 per cent of the 15.1 million expenditure attributable to the Civil List.
In this report the Royal Trustees recommend that in 2011, the expenditure should basically be the same as 2010, except that a one off pension scheme deficit contribution in 2010 will not be repeated and the Royal Household will take on responsibility for 0.2 million of costs formerly covered by Home Office and Ministry of Defence. Beyond 2011, the Royal Trustees intend that the future arrangements for support of the Queen will be reconsidered.
This paper was laid before Parliament in response to a legislative requirement or as a Return to an Address and was ordered to be printed by the House of Commons.