Glossary of Financial Reports
Statement of Activity P&L:
This is a good overlook of expenses vs. income for the month.
Statement of Financial Positions - Balance Sheet:
This is the way we track what we owe (Liabilities) and what we own (Assets).
Assets
The first section (everything above the first double line) shows our current assets which is exclusively our cash on hand as we have discharged all other assets from before 2022.
Liabilities
The next section lists our debts: the member loan (paid off December 2025), CIT Equipment loan (will be paid off September 2026) and the synod loan (monthly payment of $833 as our tithe to support two mission churches within the Florida-Bahamas Synod). Both of these remaining debts have payments that sit comfortably within our ability to pay.
Hearth financials:
Statement of Activity P&L:
This is a good overlook of expenses vs. income for the month.
Statement of Financial Positions - Balance Sheet:
This is the way we track what we owe (Liabilities) and what we own (Assets).
Assets
The first section (everything above the first double line) shows our current assets which is exclusively our cash on hand as we have discharged all other assets from before 2022.
Liabilities
The next section lists our debts: the member loan (paid off December 2025), CIT Equipment loan (will be paid off September 2026) and the synod loan (monthly payment of $833 as our tithe to support two mission churches within the Florida-Bahamas Synod). Both of these remaining debts have payments that sit comfortably within our ability to pay.
Hearth financials:
