FINANCIAL REPORT 2008-2009
Subscriptions: Rs 66, 553, sale of publications: Rs 980, membership fees: Rs 600, bank interest (including fixed deposit interest): Rs 191,344.15, and donations: Rs 35,000.
In the year 2008-09 we incurred expenses for services of regular staff, payment of honoraria and printing of journal. The Forum for Medical Ethics Society spent Rs 1,97,207 on printing and posting the journal and Rs 167,462 on honoraria. Approximately Rs 45,000 went into establishment and other expenses including website expenses. Rs 305,462 was spent on the Third K R Memorial Seminar on Clinical Trials and Healthcare Regulation in India. The seminar was co-organised by the Centre for Studies in Ethics and Rights and the Indian Journal of Medical Ethics.
There are 790 current subscribers. This includes 219 medical colleges receiving gift subscriptions and 155 life subscribers.
Donations to the Forum for Medical Ethics Society are eligible for 50 per cent tax exemption under sections 80G of the Income Tax Act.
| BALANCE SHEET | |
| Properties and assets | Rs |
| Fixed assets | 1,703.00 |
| In saving bank account | 596,855.69 |
| Fixed deposit | 2,251,175.00 |
| Accrued interest | 18,786.91 |
| Advance tax deducted at source | 58,717.00 |
| 2,927,237.60 | |
| Fund and liabilities | Rs |
| Trust funds or corpus | 11,157.00 |
| Contingencies reserve fund | 45,000.00 |
| Life subscription fees (refundable) | 430,570.00 |
| Balance as per last balance sheet | 2,864,346.35 |
| Excess of expenditure over income | (-) 423,835.75 |
| 2,927,237.60 |
| Income during the year | ||
| Sr No. | Particulars | Rs |
|
(a)
|
Bank interest | |
| 1 | On fixed deposit | 132,056.15 |
| 2 | On saving bank account | 59,288.00 |
| 191,344.15 | ||
| (b) | Income from other sources | |
| 1 | Membership fees | 600.00 |
| 2 | Sale of publication | 980.00 |
| 3 | Subscription | 66,553.00 |
| 68,133.00 | ||
| (c) | Donation | 35,000.00 |
| Expenses incurred on objects of the trust (educational) | ||
| Sr. No. | Particulars | Rs |
| (a) | Journal expenses | |
| 1 | Printing and posting journal | 197,207.00 |
| 2 | Third KR Memorial Seminar | 305,462.00 |
| 3 | Honorarium | 167,432.00 |
| 670,131.00 | ||
| (b) | Establishment expenses | |
| 1 | Miscellaneous expenses | 275.00 |
| 2 | Computer expenses | 1,500.00 |
| 3 | Conveyance expenses | 3,096.00 |
| 4 | Staff welfare | 420.00 |
| 5 | Photocopying charges | 916.90 |
| 6 | Website expenses | 34,499.00 |
| 7 | Telephone charges | 65.00 |
| 8 | Repairs and maintenance | 3,652.00 |
| 44,423.90 | ||
| (c) | Other | |
| 1 | Depreciation | 387.00 |
| 2 | Audit fees | 3,371.00 |
| 3,758.00 | ||
