FINANCIAL REPORT

FINANCIAL REPORT 2011-12


The income of the Forum for Medical Ethics Society in the year 20012-13 was from the following sources:

Subscriptions: Rs. 1,38,360, Sale of publications: Rs. 180, Membership fees: Rs. 1200, Bank Interest (including fixed deposit interest) Rs. 1,23,395.79

In the year 2012-13 we incurred expenses for services of regular staff, payment of honoraria and printing of journal. The Forum for Medical Ethics Society spent Rs.2, 28,460 on printing and posting journal and Rs. 6, 04,936 on honoraria Approximately Rs. 6, 46,610 went into establishment and other expenses including website & Conference expenses.

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. Fund and liabilities Rs.
Fixed Assets 2,781.00 Trust funds or corpus 11,157.00
In Savings Bank Account 8,38,739.10 Contingencies reserve fund 45,000.00
Fixed Deposit 7,32,033.71 Life subscription fees (refundable) 430,570.00
Other Deposit 1,95,300.00 Balance as per last balance sheet 20,59.859.21
Accrued Interest 59,476.19 Excess of expenditure over income (-) 6,22,689.21
Advance Tax Deducted at Source 95,567.00    
  19,23,897.00   19,23,897.00
Income During the year
Sr. No. Particulars RS.
(a) Bank interest  
1 On Fixed Deposit 1,09,969.79
2 On Savings Bank Account 13,426.00
    1,23,395.79
(b) Income From Other Sources  
1 Membership Fees 1,200.00
2 Sale of publication 180.00
3 Subscription 1,38,360.00
    1,39,740.00
(b) Conference Income(NBC-4) 5,97,162.00
Expenses incurred on objects of the Trust (educational)
Sr. No. Particulars RS.
(a) Journal expenses  
1 Printing & Posting Journal 2,28,460.00
2 Honorarium 6,04,936.00
    8,33,396.00
(b) Establishment Expenses  
1 Hiring Charges 6,800.00
2 Travel & Conveyance Expenses 35,798.00
3 Printing & Stationery 11,662.00
4 Xeroxing Charges 1,328.00
5 Website Expenses 1,06,040.00
6 Hospitality Meeting Charges 11,377.00
7 Bank Charges 1,185.00
8 Electricity Charges Paid 8,760.00
9 Rent Paid 3,63,000.00
10 Int. Paid on TDS 900.00
11 Commission Paid 30,000.00
12 Repair & Maintains Expenses 14,979.00
13 Postage & Telegram 54,781.00
    6,46,610.00
(c) Other  
1 Depreciation 2,981.00
    2,981.00
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