FINANCIAL REPORT
Financial Report 2021-22
Forum for Medical Ethics SocietyThe Forum for Medical Ethics Society’s income in the year 2021-22 was from the following sources:
Subscriptions: Rs. 5,67,784/-, Membership fees: Rs. 8,500/-, Web Advertisement: Rs. 50,000/-, Income from Other Sources: Rs. 3,90,113/-, Training and Consultancy: Rs. 2,00,000/-, Bank interest (including interest on fixed deposits): Rs. 2,63,858/-, and Donations: Rs. 76,500/-. The amount received from Grants was Rs. 17,87,559/-.
During the year 2021-22, we incurred expenses for services of regular staff, payment of honoraria and printing of the journal. The Forum for Medical Ethics Society spent Rs. 1,89,300/- on printing the journal and Rs. 2,10,000/- on Honorarium, Rs. 27,18,169/- 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 | 1,33,074.00 |
| In Bank Account | 47,70,073.00 |
| Advance To Employees | 80,061.00 |
| Tax Deducted at Source | 2,58,510.00 |
| Accrued Interest | 36,292.00 |
| Balance with Revenue Authorities | 92,271.00 |
| Deposit for Office Premises | 50,000.00 |
| Total | 54,20,281.00 |
| Funds and Liabilities | |
| Trust funds or corpus | 1,36,157.00 |
| Contingencies reserve fund | 45,000.00 |
| Due to Expenses | 28,852.00 |
| Life subscription fees (refundable) | 4,30,570.00 |
| Balance as per last balance sheet | 45,52,857.00 |
| Add Excess as per I & E A/c | (+) 2,26,845.00 |
| Total | 54,20,281.00 |
Income During the year |
||
Sr. No. |
Particulars | RS. |
(A) |
Bank interest | |
1 |
On fixed deposits | 2,48,327.00 |
2 |
On savings bank account | 15,531.00 |
(B) |
Income from Other Sources | |
1 |
Membership fees | 8,500.00 |
2 |
Subscription | 5,67,784.00 |
3 |
Professional Fees | 2,11,864.00 |
4 |
Currency Gain | 1,720.00 |
5 |
Web Advertisement | 50,000.00 |
6 |
Honorarium Received | 1,52,295.00 |
7 |
Service Charges | 24,234.00 |
8 |
Training and Consultancy | 2,00,000.00 |
(C) |
Donations | 76,500.00 |
(D) |
Grant received | 17,87,559.00 |
(F) |
Total (F = A+B+C+D) | 33,44,314.00 |
Expenses incurred on Objects of the Trust (educational) |
||
Sr. No. |
Particulars | Rs. |
(A) |
Journal expenses | |
1 |
Printing & posting of Journal | 1,89,300.00 |
2 |
Honorarium | 2,10,000.00 |
(B) |
Establishment Expenses | |
1 |
Rent | 1,45,000.00 |
2 |
CC Avenue Charges | 8,070.00 |
3 |
Bank Charges | 926.00 |
4 |
Electricity Charges | 1,437.00 |
5 |
Honorarium Project – WHO | 32,700.0 |
6 |
Hospitality and Meeting Expenses | 48,008.00 |
7 |
Translation Charges | 43,972.00 |
8 |
Review Charges | 18,880.00 |
9 |
Membership Fees Paid | 39,776.00 |
10 |
Professional Fees | 6,38,126.00 |
11 |
Salary | 15,67,178.00 |
12 |
Subscription Charges | 13,704.00 |
13 |
Xeroxing Charges | 183.00 |
14 |
Insurance Premium | 636.00 |
15 |
Miscellaneous Expenses | 600.00 |
16 |
Office Expenses | 5,500.00 |
17 |
PayU Service Charges | 1,687.00 |
18 |
Postage and Telegram | 28,135.00 |
19 |
Printing & Stationery | 19,040.00 |
20 |
Repairs and Maintenance | 16,560.00 |
21 |
Staff Welfare | 1,595.00 |
22 |
Website Expenses | 26,748.00 |
23 |
Telephone and Internet Charges | 2,072.00 |
24 |
Travelling and Conveyance | 14,518.00 |
(C) |
Other | |
1 |
Depreciation | 43,118.00 |
(D) |
Surplus carried to Balance Sheet | 2,26,845.00 |
(E) |
Total (E=A+B+C+D) | 33,44,314.00 |
