"excel in this grace of giving" (2 Cor. 8:7)

Task Completed

Income and expenditure

The first step in a financial analysis is to look at the big picture. Examining the total income and expenditure of the church and its real operating costs over recent years will help us to paint that big picture, a broad canvas on which we build our stewardship ministry. The financial analysis will help identify trends, positive or negative, that we need to know and understand. 
The annual accounts are presented to the church each year and many treasurers update their church councils on the financial situation during the year. But often there is no overview of operating costs or income and the overall trends. Knowing our operating income and expenditure and the balance of unrestricted and restricted funds is the first step to understanding our true financial situation.