FINANCIAL REPORT
Financial report: 2009-10
The income of the Forum for Medical Ethics Society during the year 2009-10 was from the following sources: Subscriptions: Rs 1,03,470, sale of publications: Rs 1,030, membership fees: Rs 1,600, bank interest (including interest on fixed deposit): Rs 2,00,424.24, and donations: Rs 50,000.
In 2009-10 we incurred expenses towards salaries of the regular staff, payment of honoraria and printing of the journal. The Forum for Medical Ethics Society spent Rs 2,58,486 on printing and posting copies of the journal and Rs 2,90,580 on honoraria. Approximately Rs 1,66,549 went into establishment and other expenses, including website expenses.
There are 871 current subscribers, including 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 | 5,762.25 |
| In Savings Bank account | 3,27,653.28 |
| Fixed deposit | 18,34,768.93 |
| Other deposit . | 2,00,000.00 |
| Accrued interest. | 93,825.00 |
| Advance Tax deducted at source. | 84,577.00 |
25,46,586.46 |
|
| Fund and liabilities | Rs. |
| Trust funds or corpus | 11,157.00 |
| Contingency reserve fund | 45,000.00 |
| Life subscription fees (refundable) | 430,570.00 |
| Balance as per last balance sheet | 25,34.079.70 |
| Excess of expenditure over income | (-) 4,74,220.24 |
25,46,586.46 |
|
| Income during the year | ||
| Sr. No. | Particulars | Rs. |
| (a) | Bank interest | |
| 1 | On Fixed deposit | 1,67,602.51 |
| 2 | On Saving Bank account | 36,420.00 |
| 3 | Interest on Income tax refund | 222.00 |
2,04,244.51 |
||
| (b) | Income from other sources | |
| 1 | Advertisements. in journal | 8,800.00 |
| 2 | Membership fees | 13,600.00 |
| 3 | Sale of publication | 200.00 |
| 4 | Subscription | 1,49,938.00 |
| 5 | Hospitality and meeting charges refund | 62,100.00 |
2,34,638.00 |
||
| Expenses incurred on objects of the Trust (educational) | ||
| Sr. No. | Particulars | Rs. |
| (a) | Journal expenses | |
| 1 | Printing and posting of journal | 2,33,067.00 |
| 2 | Honoraria | 5,08,000.00 |
7,41,067.00 |
||
| (b) | Establishment expenses | |
| 1 | Misc. expenses | 8,369.00 |
| 2 | Computer expenses | 5,392.00 |
| 3 | Conveyance expenses | 41,759.00 |
| 4 | Printing and stationery | 2,019.00 |
| 5 | Xeroxing charges | 1,993.00 |
| 6 | Website expenses | 66,255.00 |
| 7 | Hospitality meeting charges | 15,871.00 |
| 8 | Bank charges | 1,075.00 |
1,42,733.00 |
||
| (c) | ||
| 1 | Depreciation | 7,242.75 |
| 2 | Audit fees | 22,060.00 |
29,302.00 |
||
