FINANCIAL REPORT 2010-2011


The income of the Forum for Medical Ethics Society in the year 2010-11 was from the following sources:

Subscriptions: Rs 96,374, sale of publications: Rs 200, membership fees: Rs. 2000, advertisements in the Journal Rs 9236, bank Interest (including interest on fixed deposits) Rs 1,45,414.10; and from donations Rs 2,10,000.

As the major event organised during the year was the Third National Bioethics Conference, most of the income and expenditure was related to it. We received grants for the purpose of organising the Third NBC from the following institutions; the ICICI Centre for Child Health and Nutrition (Rs 10,00,000), the Indian Council of Medical Research (Rs 75,000), the United Nations Population Fund (Rs 85,000) and the Narotam Sekhsaria Foundation (Rs 500,000).

In the year 2010-11 we incurred expenses on the services of regular staff, payment of honoraria and printing of the journal. The Forum for Medical Ethics Society spent Rs 3,10,376 on printing and posting journal and Rs 5, 69,050 on honoraria. Approximately Rs 1,24,721 went into establishment and other expenses, including website expenses.

There are 689 current subscribers, which include 198 medical colleges receiving gift subscriptions and 157 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 13,005.00
In saving bank account 8,76,624.00
Fixed deposit 20,35,626.46
Accrued interest 11,146.24
Advance tax deducted at source. 84,405.00
  30,20,806.70
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 20,69,876.84
Excess of expenditure over income 4,64,202.86
  30,20,806.70
Income during the year
Sr. No. Particulars Rs
(a) Bank interest  
1 On fixed deposits 90,902.10
2 On saving bank account 54,512.00
    1,45,414.10
(b) Income from other sources  
1 Membership fees 2,000.00
2 Sale of publication 200.00
3 Subscription 96,374.00
4 Advertisments in journal 9,236.00
    1,07,810.00
(C) Donations 2,10,,000.00
(D) Conference income
(3rd National Bioethics Conference)
25,26,196.00
Expenses incurred on objects of the Trust (educational)
Sr. No. Particulars Rs
(a) Journal expenses  
1 Printing and posting journal 3,10,376.00
2 Honorarium 5,69,050.00
    8,79,426.00
(b) Establishment expenses  
1 Miscellaneous expenses 1,598.00
2 Computer expenses 6,364.00
3 Conveyance expenses 24,863.00
4 Legal fees paid 11,030.00
5 Website expenses 41,688.00
6 Hospitality meeting charges 9,090.00
7 Bank charges 1,280.00
    95,913.00
(c) Other  
1 Depreciation 17,778.00
2 Audit fees 11,030.00
    28,808.00
(d) Conference expenses
(3rd National Bioethics Conference)
15,21,070.24
3rd National Bioethics Conference details
Income Expenses
Accommodation 32,018.00 Misc. expenses 4,851.00
Scholarships 10,000.00
Conveyance
expenses
6, 42,489.00
Grant income Food expenses 3, 81,279.00
ICCHN 10, 00,000.00 Reimbursement of
registration fees
6,500.00
ICMR 75,000.00 Hospitality and
meeting charges
4, 13,505.24
UNFPA 85,000.00 Xeroxing charges 1,143.00
NSF 5, 00,000.00 Honorarium 14,300.00
Registration
income
1, 99,678.00 Postage and
telegram
10,391.00
Full cost
registration
5, 94,000.00 Printing and
stationery
35,391.00
Stall charges
received
40,500.00 Telephone charges 1,221.00
Total 25, 26,196.00 Total 15, 21,070.24
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