Reduce reserves bought forward | AccountingWEB

Reduce reserves bought forward


We have recently taken over a charity's accounts who have a bought forward reserves account of £180, the board want this to be reduced substantially because it is giving the wrong impression to their funders (that they have a lot of money and don't need funding). The account consists of surplus bought forward from when the charity began. What would be the Journal entries (if any) if this is possible to do?

Many Thanks

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I don't think you can just

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