Fair value reserve note to the accounts

One of my clients has a fair value reserve.  The note to the accounts details the balance brought forward, movement in year and then closing balance. The current year figures all tie up, however the comparative balances do not - for some reason the closing balance does not add in the movement in the year.  See detail below.

Has anyone come across this before and, more importantly, does anyone know how to fix the problem? 

Many thanks in advance.

  1. Fair value reserve

 

        The following movements on the fair value reserve are included within hedging reserve in the statement of changes in equity:

 

 

2024

2023

 

£

£

At start of year

(576,879)

(74,182)

Fair value movements on cash flow hedging instruments

794,127

(502,697)

 

-----------------------------------

------------------------------

At end of year

217,248

(74,182)

 

===================================

==============================

Parents
  • 0

    Hi Becky, 

    Thanks for using Community Hub! 

    I would suggest running a rebuild files. You can do this by going to Tools>Rebuild files. 

    If the figures do still not match to what they should be, you can drill into the figures to see where they are coming from by highlighting the figure> right clicking > choosing trial balance. 

    If this has helped, please click the ellipsis ..., and Verify Answer.

    Regards,
    Fallon
    Sage UKI

  • 0 in reply to Fallon Scott

    Hi Fallon,

    Thanks for the quick reply.  Rebuilding the files hasn't fixed the issue unfortunately.  

    When drill into the figures (the total in the comparative) I get the following:

    Printed on 25/04/24 at 16:53:13

    Account Title

     

     

    Debit

     

     

     

    Credit

     

    Page: 1

    Comparative

    966.00 Hedging reserve brought forward

     

     

    5,006.00

     

    (5,006.00)

    969.00 Hedging - Fair value movements on cash flow hedging

    instruments

     

     

    0.00

     

    79,188.00

    *** TOTALS ***

    £0.00

     

    £5,006.00

     

    £74,182.00

    Balance:

     

     

    £5,006.00

     

    £74,182.00

     

     

    Drilldown off the face of the accounts for the year 01/02/22  to 31/01/23

    Do you have any other suggestions on how to fix the problem?

    Thanks

    Becky

Reply
  • 0 in reply to Fallon Scott

    Hi Fallon,

    Thanks for the quick reply.  Rebuilding the files hasn't fixed the issue unfortunately.  

    When drill into the figures (the total in the comparative) I get the following:

    Printed on 25/04/24 at 16:53:13

    Account Title

     

     

    Debit

     

     

     

    Credit

     

    Page: 1

    Comparative

    966.00 Hedging reserve brought forward

     

     

    5,006.00

     

    (5,006.00)

    969.00 Hedging - Fair value movements on cash flow hedging

    instruments

     

     

    0.00

     

    79,188.00

    *** TOTALS ***

    £0.00

     

    £5,006.00

     

    £74,182.00

    Balance:

     

     

    £5,006.00

     

    £74,182.00

     

     

    Drilldown off the face of the accounts for the year 01/02/22  to 31/01/23

    Do you have any other suggestions on how to fix the problem?

    Thanks

    Becky

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