How could the British monarchy be dismantled?

Given (?) That the monarchy is an anachronism in today's world, by what practical process could Britain successfully do away with it? However desirable that may seem, to me the physical, ethical and political difficulties look insurmountable.

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hartfire

The monarchy still plays a role as a figurehead for ceremonial functions and a patron for charities.
The Westminster system is capable of carrying its history and at the same time evolving to keep pace with changing needs.

Yes, the Crown and its needs are costly, but only a tiny fraction of the country's taxes.
If England decided it wanted to cease paying, the Windsors could continue to live and thrive on The Firm's inherited estates. If this happened, it's possible that they Crown might see it as no longer appropriate to fulfill the ceremonial roles.

Who and how would the ceremonial roles be filled without the Royals?
A president? How would he or she be elected? Would he or she be given any real power? I doubt it.