These pages also contain information about the financial arrangements of other members of the Royal Family, together with information on the Royal Philatelic Collection.

HEAD OF STATE EXPENDITURE 2000-01

Head of State expenditure is the official expenditure relating to The Queen's duties as Head of State and Head of the Commonwealth. Head of State expenditure is met from public funds in exchange for the surrender by The Queen of the revenue from the Crown Estate.

Head of State expenditure for 2001-02, at Ј35.3 million, is 1.0% higher than in the previous year (a decrease of 1.3% in real terms). The Ј350,000 increase is mainly attributable to fire precautions work at the Palace of Holyroodhouse, offset by the fact that costs transferred from other funding sources to the Civil List with effect from 1st April 2001 are only included in 2001 Civil List expenditure for nine months. They will be included for a full year in 2002 and subsequently. Costs have been transferred to the Civil List from other funding sources in order to utilise the Civil List reserve brought forward at 1st January 2001. Head of State expenditure has reduced from Ј84.6 million (expressed in current pounds) in 1991-92, a reduction of 58%.

SOURCES OF FUNDING

The four sources of funding of The Queen, or officials of the Royal Household acting on Her Majesty's behalf, are: the Civil List, the Grants-in-Aid for upkeep of Royal Palaces and for Royal travel, the Privy Purse and The Queen's personal wealth and income.

FINANCIAL ARRANGEMENTS OF THE PRINCE OF WALES

The Prince of Wales does not receive any money from the State. Instead, he receives the annual net surplus of the Duchy of Cornwall and uses it to meet the costs of all aspects of his public and private commitments, and those of Prince William and Prince Harry.

The Duchy's name is derived from the Earldom of Cornwall, which Edward III elevated to a duchy in 1337. The Duchy's founding charter included the gift of estates spread throughout England. It also stated that the Duchy should be in the stewardship of the Heir Apparent, to provide the Heir with an income independent of the Sovereign or the State.

After 660 years, the Duchy's land holdings have become more diversified, but the Duchy is still predominantly an agricultural estate. Today, it consists of around 57,000 hectares, mostly in the South of England. It is run on a commercial basis, as prescribed by the parliamentary legislation which governs its activities.

Prince Charles became the 24th Duke of Cornwall on The Queen's accession in 1952. He is in effect a trustee, and is not entitled to the proceeds of disposals of assets. The Prince must pass on the estate intact, so that it continues to provide an income from its assets for future Dukes of Cornwall.

The Duchy's net surplus for the year to 31 March 2002 was Ј7,827,000. As a Crown body, the Duchy is tax exempt, but The Prince of Wales voluntarily pays income tax (currently at 40%) on his taxable income from it.

FINANCES OF THE OTHER MEMBERS OF THE ROYAL FAMILY

Under the Civil List Acts, The Duke of Edinburgh receives an annual parliamentary allowance to enable him to carry out public duties. Since 1993, The Queen has repaid to the Treasury the annual parliamentary allowances received by other members of the Royal family.

The annual amounts payable to members of the Royal family (which are set every ten years) were reset at their 1990 levels for the next ten years, until December 2010. Apart from an increase of Ј45,000 on the occasion of The Earl of Wessex's marriage, these amounts remain as follows:

Parliamentary annuity (not repaid by The Queen)

Parliamentary annuities (repaid by The Queen)

* Of the Ј636,000, Ј175,000 is provided by The Queen to The Duke and Duchess of Gloucester, Ј236,000 to The Duke and Duchess of Kent and Ј225,000 to Princess Alexandra.

As with the Civil List itself, most of these sums are spent on staff who support public engagements and correspondence.

TAXATION

The Queen has always been subject to Value Added Tax and other indirect taxes and she has paid local rates (Council Tax) on a voluntary basis. In 1992, however, The Queen offered to pay income tax and capital gains tax on a voluntary basis. As from 1993, her personal income has been taxable as for any taxpayer and the Privy Purse is fully taxable, subject to a deduction for official expenditure. The Civil List and the Grants-in-Aid are not remuneration for The Queen and are thus disregarded for tax.

Although The Queen's estate will be subject to Inheritance Tax, bequests from Sovereign to Sovereign are exempt. This is because constitutional impartiality requires an appropriate degree of financial independence for the Sovereign and because the Sovereign is unable to generate significant new wealth through earnings or business activities. Also, the Sovereign cannot retire and so cannot mitigate Inheritance Tax by passing on assets at an early stage to his or her successor.

As a Crown body, the Duchy of Cornwall is tax exempt, but since 1969 The Prince of Wales has made voluntary contributions to the Exchequer. As from 1993, The Prince's income from the Duchy has been fully subject to tax on a voluntary basis. He has always paid tax, including income tax, in all other respects.

ROYAL ASSETS

The Queen does not 'own' the Royal Palaces, art treasures from the Royal Collection, jewellery heirlooms and the Crown Jewels, all of which are held by Her Majesty as Sovereign and not as an individual. They must be passed on to The Queen's successor in due course. The Queen and some members of the Royal Family past and present have made private collections - such as the stamp collection begun by George V. This is separate to the Royal Collection, although exhibitions and loans of stamps are sometimes made.

SYMBOLS

Many of the most familiar objects and events in national life incorporate Royal symbols or represent the Monarchy in some way. Flags, coats of arms, the crowns and treasures used at coronations and some ceremonies, stamps, coins and the singing of the national anthem have strong associations with the Monarchy and play a significant part in our daily existence. Other objects - such as the Great Seal of the Realm - may be less familiar to the general public but still have a powerful symbolic role.

NATIONAL ANTHEM

'God Save The King' was a patriotic song first publicly performed in London in 1745, which came to be referred to as the National Anthem from the beginning of the nineteenth century. The words and tune are anonymous, and may date back to the seventeenth century.

In September 1745 the 'Young Pretender' to the British Throne, Prince Charles Edward Stuart, defeated the army of King George II at Prestonpans, near Edinburgh. In a fit of patriotic fervour after news of Prestonpans had reached London, the leader of the band at the Theatre Royal, Drury Lane, arranged 'God Save The King' for performance after a play. It was a tremendous success and was repeated nightly thereafter. This practice soon spread to other theatres, and the custom of greeting the Monarch with the song as he or she entered a place of public entertainment was thus established.

There is no authorised version of the National Anthem as the words are a matter of tradition. Additional verses have been added down the years, but these are rarely used. The words used are those sung in 1745, substituting 'Queen' for 'King' where appropriate. On official occasions, only the first verse is usually sung, as follows:

God save our gracious Queen!
Long live our noble Queen!
God save the Queen!
Send her victorious,
Happy and glorious,
Long to reign over us,
God save the Queen.

An additional verse is occasionally sung:

Thy choicest gifts in store
On her be pleased to pour,
Long may she reign.
May she defend our laws,
And ever give us cause,
To sing with heart and voice,
God save the Queen.

The British tune has been used in other countries - as European visitors to Britain in the eighteenth century noticed the advantage of a country possessing such a recognised musical symbol - including Germany, Russia, Switzerland and America (where use of the tune continued after independence). Some 140 composers, including Beethoven, Haydn and Brahms, have used the tune in their compositions.

ROYAL WARRANTS

Royal Warrants are granted to people or companies who have regularly supplied goods or services for a minimum of five consecutive years to The Queen, The Duke of Edinburgh, Queen Elizabeth The Queen Mother or The Prince of Wales. They are advised by the Lord Chamberlain who is head of the Royal Household and chairman of the Royal Household Tradesmen's Warrants Committee. Each of these four members of the Royal family can grant only one warrant to any individual business. However, a business may hold warrants from more than one member of the Royal family and a handful of companies holds all four.

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