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But offshore wind farms have at least one useful goal, it has emerged: boosting the Crown Estate's profits to a record £328.8m.

"When you look at these accounts, the bottom line is the Sovereign Grant a year ago equated to 65 pence per person, per annum, in the United Kingdom..."

"The Queen's income for last year amounted to 82.2 million pounds, but it will have to wait to spend money until 2019, because the profit from the property shall be paid within two years", - said the publication.

The state grant given to the queen during the last fiscal year came out to be about $0.83 per person, official Keeper of the Privy Purse Sir Alan King told CNN.

Payouts from the state are expected to remain at elevated levels for 10 years as Buckingham Palace undergoes an extensive face lift.

It received £42.8 million from the central government, called the sovereign grant, and spent the £14.9 million income it generated itself, largely generated by renting out property.

Royal aides supported the cost of the Queen's annual grant saying it cost each person in Britain just 65 pence (0.83 USA cents) a year, the same price as a postage stamp.

Details of the Queen's pay raise were released as accounts revealed the royal family spends $5.7 million (£4.5 million) on travel.

Not only does the Queen "sign off" all royal travel, the source suggested she comments to her family if the visit is too expensive.

Her portion of the "sovereign grant", which is funded by the taxpayer, will increase to NZD$143m next year, Buckingham Palace says.

"When you consider that against what the queen does and represents for this country, I believe it represents excellent value for money", Mr Reid said.

The Crown Estate consists of prime real estate, farms and coastlines that generate hundreds of millions of pounds each year, most of which ends up in government coffers.

The most expensive journey was a two-day trip from Windsor to Lancashire and Yorkshire, made by Prince Charles, that totalled £46,038, costing £95.32 per mile. William and Kate's tour cost £98,000 (about $126,000).

"When our police, [health care system], schools and fire services are struggling, how can we continue to justify this huge waste of money?" said Republic CEO Graham Smith. In November, it was announced that the percentage would rise for 10 years from 15 to 25 per cent.

It said that once security and other costs were included, the annual bill for the monarchy was nearer £345m.