Jerome plc prepares accounts to 31 July each year. An extract from the profit and loss account for the year to 31 July 2000 and extracts from the balance sheets as at 31 July 1999 and 2000 are given below.

Further information:
1. The balance sheet extract at 31 July 1999 shows the figures which were reported when the accounts for that year were finalised. The figures have not been restated to take into account the prior year adjustment shown in the accounts for the year to 31 July 2000.
2. The company's freehold properties were revalued during the year to 31 July 2000, giving rise to a surplus on revaluation of £50,000.
Required:
Insofar as the information given permits, prepare a statement of total recognised gains and losses and a reconciliation of movements in shareholders' funds for the year to 31 July 2000.

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Jerome plc Profit and loss account (extract) for the year to 31 July 2000 '000 '000 Profit for the financial year 429 Transferred to reserves 100 Dividends paid and proposed 250 350 Retained profit for the year 79 Retained profit brought forward As previously reported 112 Prior year adjustment (15) 97 Retained profit carried forward 176