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There will be a total of all the designated funds at the end of the report, and you can also use a sample financial statement for making the report. Record initial cash balance and summary of disbursements: While making the church financial report, a record initial cash balance summary of all expenditures and cash income, and cash balance at the end should be recorded. Step 2: Statement of cash flow and fund balance report Calculate the difference between income and expense: Finally, in the income statement, calculate the difference between the Total Income and the Total Expenses. Use the income statement template to describe the text description on the left and columns containing figures on the right. Professional Church Income and Expense Statementĥ Easy Steps to Create Impressive Church Income and Expense Statement Step 1: For making a statement of Income and Expenses Example Church Annual Income and Expense Statement Basic Church Annual Income and Expense Statement Formal Church Income and Expense Statement

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