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<p>The Chancellor of the Exchequer is one of the three Royal Trustees, alongside the
Prime Minister and the Keeper of the Privy Purse. As required under the Sovereign
Grant Act 2011, in each financial year the Royal Trustees publish a report setting
out how the Sovereign Grant is calculated for the following financial year. This includes
an analysis of the Reserve.</p><p> </p><p>The Royal Trustee’s report on the Sovereign
Grant for 2019-20 was published in October 2018, and can be found on the gov.uk website
at:</p><p> </p><p>https://www.gov.uk/government/publications/sovereign-grant-act-2011-report-of-the-royal-trustees-on-the-sovereign-grant-for-2019-20</p>
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