FINANCIAL REPORT 2013-14
The income for the year 2013-14 included the following sources.
Subscriptions: Rs. 1, 41,816; Sale of publication: Rs. 5,524; Bank interest (including interest on fixed deposit): Rs. 91,174.12; and Rs. 3,05,000 from Donations.
In the year 2013-14 we incurred expenses for services of regular staff, payment of honoraria and printing of journal. The Forum for Medical Ethics Society spent Rs.2, 08,633 on printing and posting journal and Rs. 4, 66,000 on honoraria. Approximately Rs. 7, 49,900 went into establishment and other expenses including website & workshop expenses.
Donations to the Forum for Medical Ethics Society are eligible for 50 per cent tax exemption under section 80G of the Income Tax Act.
|Expenses incurred on objects of the Trust (educational) during the year|
|1||Printing & Posting of Journal||2,08,633.00|
|1||Travel & Conveyance Expenses||51,784.00|
|2||Printing & Stationery||956.00|
|7||Electricity Charges Paid||2,487.00|
|10||Repair & Maintenance Expenses||4,875.00|
|11||Postage & Telegram||66,030.00|
|Income during the year|
|1||On Fixed Deposit||51,482.12|
|2||On Saving Bank Account||39,692.00|
|(b)||Income From Other Sources|
|1||Sale of publication||5,524.00|
|(e)||Grant for Website||5,00,000.00|
|Properties and Assets||Rs.|
|In Savings Bank Account||15,26,924.12|
|Cash In hand||9394.00|
|Advance Tax Deducted at Source.||1,00,707.00|
|Fund and liabilities||Rs.|
|Trust funds or corpus||1,36,157.00|
|Contingencies reserve fund||45,000.00|
|Life subscription fees (refundable)||430,570.00|
|Balance as per last balance sheet||14,37,170.00|
|Excess of expenditure over income||(-) 3,56,434.88|