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
Sr. No. Particulars Rs.
(a) Journal expenses
1 Printing & Posting of Journal 2,08,633.00
2 Honorarium 4,66,000.00
6,74,633.00
(b) Establishment Expenses
1 Travel & Conveyance Expenses 51,784.00
2 Printing & Stationery 956.00
3 Xeroxing Charges 471.00
4 Website Expenses 4,28,411.00
5 Telephone Expenses 6,771.00
6 Bank Charges 525.00
7 Electricity Charges Paid 2,487.00
8 Rent Paid 1,54,000.00
9 Professional Fees 32,500.00
10 Repair & Maintenance Expenses 4,875.00
11 Postage & Telegram 66,030.00
12 Misc. Expenses 1,090.00
7,49,900.00
(c) Audit Fees 22,472.00
(d) Other
1 Depreciation 2,944.00
Total (a+b+c+d) 14,49,949.00
Income during the year
Sr. No. Particulars Rs.
(a) Bank interest
1 On Fixed Deposit 51,482.12
2 On Saving Bank Account 39,692.00
91,174.12
(b) Income From Other Sources
1 Sale of publication 5,524.00
2 Subscription 1,41,816.00
1,47,340.00
(c) Workshop Grant 50,000.00
(d) Donation 3,05,000.00
(e) Grant for Website 5,00,000.00
Total (a+b+c+d+e) 10,93,514.12
BALANCE SHEET
Properties and Assets Rs.
Fixed Assets 5,437.00
In Savings Bank Account 15,26,924.12
Other Deposit. 50,000.00
Cash In hand 9394.00
Advance Tax Deducted at Source. 1,00,707.00
16,92,462.12
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
16,92,462,12