X
D1
(Line 4020) Method of reporting

The charity is asked to state if the financial information is reported on an accrual or cash basis.

The amounts shown in the statement of receipts and disbursements are used by CRA to calculate whether or not the charity has met its disbursement quota. The purpose of this test is to determine if the charity is disbursing receipted gifts on time. Thus, for a charitable organization, it compares disbursements made in the current year on activities in pursuit of its charitable purposes and transfers to other qualified donees up to 80% of receipted gifts plus 80% of amounts received from other registered charities in the immediately preceding year, and an amount equal to funds disbursed in the year out of receipted gifts that were excluded from the disbursement requirement in the year received (e.g., bequests and gifts that could not be disbursed for ten years).

Note that a significant distortion could result where the charity uses the accrual method of accounting in determining expenditures on activities in pursuit of its charitable purposes. For example, disbursements to acquire capital property used in connection with activities in pursuit of charitable purposes (e.g., the acquisition of a building or equipment) would not appear in a statement of revenues and expenditures, but would be recorded in the capital asset section of the charity’s statement of financial position.

Introduction to Form T3010B
Interview
Section A - Identification
Section B - Directors / Trustees and Like Officials [T1235(09)]
Section C - Programs and General Information
Section D - Financial Information
Capital Gains and Disbursement Quota Worksheet [T1259]
Section E - Certification
Section F - Confidential Data
Check for Errors
Save T3010B Data
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Section D - Financial Information
Please show all figures to the nearest single dollar.
D1
Was the financial information reported below prepared on an accrual or cash basis? Accrual  Cash 
D2
Summary of financial position:
Does the charity own land and/or buildings? Yes   No
Total assets (including land and buildings) .00
Total liabilities .00
Did the charity borrow from, loan to, or invest assets with any non-arm's length parties? Yes   No
D3
Revenue:
Did the charity issue tax receipts for donations? Yes   No
If yes, what is the total eligible amount of all donations for which the charity issued tax receipts (except enduring property) .00
Total amount received from other charities (excluding specified gifts and enduring property) .00
What is the total amount for all other donations received for which a tax receipt was not issued by the charity? (excluding amounts at lines 4575 and 4630) .00
Did the charity receive any revenue from any level of Canadian government? Yes   No
If yes, total amount received .00
Total non tax-receipted amounts from all sources outside Canada (government and non-government) .00
Total non tax-receipted amounts from fundraising .00
Total revenue from sale of goods and services (except to any level of Canadian government) .00
Other amounts not already included in the amounts above .00
Total revenue (Add lines 4500 through 4650)
 
D4
Expenditures:
What was the charity's total expenditure on professional and consulting fees? .00
What was the charity's total expenditure on travel and vehicles? .00
All other expenditures not already included in the amounts above .00
Total expenditures (excluding gifts to qualified donees) (Add lines 4860+4810+4920)
 
(a) How much did the charity spend on charitable programs? .00
(b) How much did the charity spend on management and administration? .00
Total amount of gifts (excluding specified gifts) made to all qualified donees.
 
Total amount of specified gifts made to qualified donees.
 
Total expenditures (Add lines 4950 and 5050 + 5070)
 

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