Note 13: Surplus repayment due to the Crown

The repayment of surplus to the Crown is due to be paid by 31 October each year. The amount to be repaid includes any unused Crown funding and/or gains on sale of assets from the previous financial year. Any surplus arising from audit fees collected under the revenue-dependent appropriation is transferred to the memorandum account and held for use in the Audit and Assurance Services RDA output class in future years. The memorandum account is explained further in Note 15.

Note Actual
Surplus/(Deficit) current year (1,634) 253
Less: Surplus/(Deficit) transferred to/from memorandum account 15 (3,385) 32
Total provision for payment to the Crown 1,751 221