Use this free excel template to generate a balance sheet (statement of financial position) for your church or religious organization. This balance sheet template simplifies the balance sheet process by asking plain language questions and then a balance sheet will be generated from those inputs along with helpful tips about each line item.
What is a church balance sheet? A church balance sheet is a financial report that displays the assets and liabilities as of a specific date.
How is a balance sheet for a church different from a for profit business? A church balance sheet does not include retained earnings. Retained earnings is the cumulative profit of a business, but a church is a non profit and non profits do not display retained earnings on the balance sheet. Instead, a church will report “Net Assets” which is the difference between the organization’s Assets and Liabilities. If you have a for profit business you should use our balance sheet Excel template.
A church balance sheet may include church specific categories like Grants Receivable or Pledge Receivable for grants, donations and pledges that have been awarded or pledged, but not yet received. This could be common for a church building fundraising campaign where members might pledge to donate in the future, but have not made the donation yet.
Is a church balance sheet the same as a statement of financial position? Yes. A statement of financial position is a synonym for balance sheet.
How to create a projected balance sheet for a church? If you need to create a balance sheet for your church as of the current date, then our free template should be sufficient for you; however, if you need to create a balance sheet forecast for your church for a date in the future, you will need to create a full set of financial projections. Our church financial forecast spreadsheet will allow you to create up to 5 years of projected income statements, cash flow statements and balance sheet forecasts.
What should be included on a church balance sheet? A balance sheet for a church could include the following items:
General Fund Cash
Designated Funds Cash
Other current assets
Vehicles, Furniture & Equipment
Other fixed assets
(LESS accumulated depreciation on all fixed assets)
Notes, short-term (due within 12 months)
Current part, long-term debt
Other current liabilities
Bank loans payable
Notes payable to stockholders
LESS: Short-term portion
Other long term debt
Net Assets with Donor Restrictions
Net Assets without Donor Restrictions