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 | |