Indian Journal of Medical Ethics

Financial report: 2009-10

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