Indian Journal of Medical Ethics

FINANCIAL REPORT 2017-18


The Forum for Medical Ethics Society’s income in the year 2017-18 was from the following sources:
• Subscriptions: Rs. 1,93,380.96/-
• Membership fees: Rs. 50,000/-
• Bank interest (including interest on fixed deposits): Rs.2,14,318/-
• Donations: Rs. 2,55,000/-.
• The amount received by way of Grants was Rs. 13,00,000/- and NBC conference Receipts Rs. 46,700/-


During the year 2017-18, we incurred expenses for services of regular staff, payment of honoraria and printing of the journal. The Forum for Medical Ethics Society spent
• Rs. 2,52,356/-on printing the journal and
• Rs. 10,59,160/- on honoraria.
• Approximately Rs. 10,18,588.20/- went into establishment and other expenses, including website charges.

Donations to the Forum for Medical Ethics Society are eligible for 50 per cent tax exemption under Section 80G of the Income Tax Act.



Balance Sheet.
Sr No. Properties and Assets Rs.
1 Fixed Assets 60,972.00
2 In Bank Account 26,31,408.84
3 Cash In hand 169.00
4 Advance Tax Deducted at Source. 1,31,318.00
5 Deposit for Office Premises 50,000.00
28,73,867.64
Sr No. Funds and Liabilities Rs.
1 Trust funds or corpus 1,36,157.00
2 Contingencies reserve fund 45,000.00
3 Life subscription fees (refundable) 4,30,570.00
4 Balance as per last balance sheet 25,32,846.08
5 Excess of income over expenditure (2,70,705.24)
28,73,867.64
Income During the year.
Sr No. Particulars Rs.
(a) Bank Interest
(1) On fixed deposits 1,74,604.00
(2) On savings bank account 39,714.00
(b) Income from Other Sources
(1) Membership fees 50,000.00
(2) Subscription 1,93,380.96
(c) Donations 2,55,000.00
(d) Grant received 13,00,000.00
(e) Conference receipts 46,700.00
Expenses incurred on Objects of the Trust (educational) .
Sr No. Particulars Rs.
(a) Journal expenses
(1) Printing & posting of Journal 2,52,356.00
(2) Honoraria 1,059,160.00
(b) Establishment Expenses
(1) Travel & conveyance expenses 83,236.00
(2) Printing & stationery 42,784.00
(3) Xeroxing charges 942.00
(4) Website expenses 3,18,483.00
(5) Telephone & internet charges 16,685.00
(6) Bank charges 1,336.20
(7) Repair and maintenance charges 4,800.00
(8) Rent paid 1,56,000.00
(9) Hospitality and meeting charges 20,450.00
(10) Postage & telegrams 64,604.00
(11) Electricity expenses 11,110.00
(12) Misc. expenses 4,143.00
(13) Legal and professional fees 1,84,823.00
(14) Food expenses 6,999.00
(15) Fixed Assets Written off 299.00
(16) Membership and subscription 50,119.00
(c) Audit fees 20650.00
(d) Conference expenses N. A.
(e) Donation paid N.A.
(f) Other
(1) Depreciation 31,125.00