London CNN  —  The British Royal Household released its financial statement on Monday, revealing that the annual lump sum from the government remained at £86.3 million ($118.50 million). The sum, called the Sovereign Grant, pays for the upkeep of royal palaces and the royals’ official duties and is funded by British taxpayer money . In return, the monarch hands over all profits from the Crown Estate — which includes vast swathes of central London property, the Ascot Racecourse and the seabed