The Queen's income is set to increase for a second year running, thanks to her impressive property portfolio which has generated a substantial rise in profits.
The Sovereign Grant, which funds the Queen's spending as Head of State, will rise in 2014 from £36.1 million to £37.89 million.
The grant is calculated as a percentage of profits from the Crown Estate, which includes properties such as Windsor Park and covers most UK coastline. It announced on Thursday its profits had risen 5% to £252.6 million, the BBC reports.
Aside from the Queen's income, the profit goes to the Treasury to help with the nation's finances.
The value of Crown Estate's property portfolio is now £8.1 billion, exceeding £8 billion for the first time.
Chairman Sir Stuart Hampson said the record performance would "again make a strong contribution to the nation's finances."
While Crown Estate runs the properties owned by the Crown, it does not own the private property of the Queen.
An analogy often used is that the Crown Estate is the property version of the Crown Jewels - held by the Queen as sovereign, but not for her personal use.
