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 |
