Royal household's maintenance of treasures questioned
Royal family urged by MPs to allow NAO scrutiny of Royal Collection Trust
Royal family urged by MPs to allow NAO scrutiny of Royal Collection Trust
The Royal Family has come under pressure from MPs over the exclusion of the
Royal Collection Trust – with income of £27m from visitors to Buckingham Palace
and Windsor Castle – from the remit of the National Audit Office.
A report from MPs on the Commons Public Accounts Committee said: ‘We can see
no constitutional justification for the comptroller and auditor general being
denied access to the trust. The Royal Collection Trust looks after a vast
number of priceless works of art on behalf of the nation and its commercial
success impacts directly on the amount of resources available to maintain the
occupied royal palaces, but the trust is not accountable to parliament.’
Their conclusion was reached in a report which disclosed the Royal Household
has an estimated £32m maintenance backlog, including a failure to maintain the
Victoria and Albert mausoleum. The building is now on the English Heritage
‘buildings at risk’ register, a move denounced as a ‘scandal’ by committee
chairman Edward Leigh.
He said the Department for Culture, Media and Sport had failed to exert a
firm grip on the upkeep of the royal palaces and urged more of the income from
tourists should be passed to the Royal Household to spend on building
maintenance.
The numbers you crunch tell a story. Your expertis...
17yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleAs businesses enter 2026 with a clearer policy backdrop but rising expectations around compliance and competitiveness, advisers have a pivotal opportu...
View articleThe "Ghost of Reforms Past" returns as the Government shelves the Audit Reform Bill in a shock pivot toward "economic growth." With the birth of ARGA ...
View articleThe government’s Modern Industrial Strategy quietly elevates accountancy from a back-office function to a cornerstone of economic growth and technolog...
View articleA rare alliance of the Big Four and mid-tier firms is pushing the FRC to abandon its controversial ‘name and shame’ policy. As the regulator weighs it...
View articleThe £77.6 million accounting error at Corporate Travel Management (CTM), which triggered an urgent government investigation, is a sobering case study ...
View articleXeinadin, the integrated business advisory and accountancy group, has cemented its commitment to the UK’s crucial SME sector with two high-profile app...
View articleThe reliance on statistical sampling is becoming an outdated risk in a data-rich world. UK audit firms must transition to full-population testing and ...
View articleCooper Parry has expanded its leadership with four senior hires from PwC, reinforcing its mid-market strategy in audit, tax, assurance, and regional g...
View article