<Li> Robin Budenberg, Chairman </Li> <Tr> <Th> Website </Th> <Td> thecrownestate.co.uk </Td> </Tr> <P> The Crown Estate is a collection of lands and holdings in the United Kingdom belonging to the British monarch as a corporation sole, making it the "Sovereign's public estate", which is neither government property nor part of the monarch's private estate . As a result of this arrangement, the sovereign is not involved with the management or administration of the estate, exercising only very limited control of its affairs . Instead, the estate's extensive portfolio is overseen by a semi-independent, incorporated public body headed by the Crown Estate Commissioners, who exercise "the powers of ownership" of the estate, although they are not "owners in their own right". The revenues from these hereditary possessions have been placed by the monarch at the disposition of Her Majesty's Government in exchange for relief from the responsibility to fund the Civil Government and thus proceed directly to Her Majesty's Treasury, for the benefit of the British nation . The Crown Estate is formally accountable to the Parliament of the United Kingdom, where it is legally mandated to make an annual report to the sovereign, a copy of which is forwarded to the House of Commons . </P> <P> The Crown Estate is one of the largest property managers in the United Kingdom, overseeing property worth £ 12 billion, with urban properties valued at £ 9.1 billion representing the majority of the estate by value . These include a large number of properties in central London, but the estate also controls 792,000 ha (1,960,000 acres) of agricultural land and forest, more than half of the UK's foreshore, and retains various other traditional holdings and rights, including Ascot Racecourse and Windsor Great Park . Naturally occurring gold and silver in the UK, collectively known as "Mines Royal", are managed by the Crown Estate and leased to mining operators . </P>

Where do the profits of the crown estate go