Vol VII, Issue 2 Date of Publication: May 07, 2022

Views
, PDF Downloads:

FINANCIAL REPORT


Financial Report 2020-21

Forum for Medical Ethics Society


The Forum for Medical Ethics Society’s income in the year 2020-21 was from the following sources:

Subscriptions: Rs. 4,00,720/-, Membership fees: Rs. 20,500/-, Income from Other Sources: Rs. 24,379/-, Bank interest (including interest on fixed deposits): Rs. 3,04,345/-, and Donations: Rs. 1,06,135/-. The amount received by way of Grants was Rs. 13,38,000/-.

During the year 2020-21, we incurred expenses for services of regular staff, payment of honoraria and printing of the journal. The Forum for Medical Ethics Society spent Rs. 1,63,453/- on printing the journal and Rs. 1,02,845/- on Honorarium, Rs. 19,85,019/- went into establishment, Project and other 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.

BALANCE SHEET

 Properties and Assets

Rs.

 Fixed Assets

1,76,192.00

 In Bank Account

45,75,673.00

 Advance To Employees

5,000.00

 Advance Tax Deducted at Source

1,92,555.00

 Accrued Interest

41,757.00

 GST Credit

1,38,647.00

 Deposit for Office Premises

50,000.00

 Total

51,79,824.00

   
 Funds and Liabilities  
 Trust funds or corpus

1,36,157.00

 Contingencies reserve fund

45,000.00

 Due to Expenses

15,240.00

 Life subscription fees (refundable)

4,30,570.00

 Balance as per last balance sheet

46,10,095.00

 Less Excess as per I & E A/c

(-)57,238.00

 Total

51,79,824.00


 Income During the year

Sr. No.

 Particulars

Rs.

(A)

 Bank interest  

1

 On fixed deposits

2,91,017.00

2

 On savings bank account

13,328.00

     
     

(B)

 Income from Other Sources  

1

 Membership fees

20,500.00

2

 Subscription

4,00,720.00

3

 Professional Fees

16,950.00

4

 Currency Gain

429.00

5

 Reprint Article Charges

7,000.00

     

(C)

 Donations

1,06,135.00

(D)

 Grant received   

13,38,000.00

(E)

 Deficit carried to B/s

57,238.00

(F)

 Total (F = A+B+C+D+E)

22,51,317.00


 Expenses incurred on Objects of the Trust (educational)

Sr. No.

 Particulars

Rs.

(A)

 Journal expenses  

1

 Printing & posting of Journal

1,63,453.00

2

 Honorarium

1,02,845.00

(B)

 Establishment Expenses  
     

1

 Printing & stationery

7,471.00

2

 Professional Fees

1,80,123.00

3

 Rent

1,80,000.00

4

 CC Avenue Charges

5,488.00

5

 Bank Charges

1,704.00

6

 Electricity Charges

2,471.00

7

 Hospitality and Meeting Expenses

7,136.00

8

 Membership Fees Paid

41,936.00

9

 Salary

14,65,257.00

10

 Insurance Premium

4,117.00

11

 Miscellaneous Expenses

985.00

12

 Office Expenses

8,700.00

13

 PayU Service Charges

1,145.00

14

 Repairs and Maintenance

1,900.00

15

 Staff Welfare

225.00

16

 Travelling and Conveyance

11,450.00

     

(D)

 Other  

1

 Depreciation

64,911.00

(E)

 Total (E=A+B+C+D)

22,51,317.00


About the Authors
Forum for Medical Ethics Society ()

Leave a Reply

Your email address will not be published. Required fields are marked *
Please restrict your comment preferably to 800 words
Comments are moderated. Approval can take up to 48 hours.

Help IJME keep its content free. You can support us from as little as Rs. 500 Make a Donation