Financial report: 2009-10

The income of the Forum for Medical Ethics Society during the year 2009-10 was from the following sources: Subscriptions: Rs 1,03,470, sale of publications: Rs 1,030, membership fees: Rs 1,600, bank interest (including interest on fixed deposit): Rs 2,00,424.24, and donations: Rs 50,000.

In 2009-10 we incurred expenses towards salaries of the regular staff, payment of honoraria and printing of the journal. The Forum for Medical Ethics Society spent Rs 2,58,486 on printing and posting copies of the journal and Rs 2,90,580 on honoraria. Approximately Rs 1,66,549 went into establishment and other expenses, including website expenses.

There are 871 current subscribers, including 219 medical colleges receiving gift subscriptions, and 155 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 SHEETProperties and assets Rs.Fixed assets1,460.00In savings bank account15,36,532.67Fixed deposits9,30,570.00Accrued Interest12,726.17Advance tax deducted at source75,315.00 25,56,603.84 Fund and liabilities Rs.Trust funds or corpus 11,157.00 Contingency reserve fund 45,000.00 Life subscription fees (refundable) 430,570.00 Balance as per last balance sheet 24,40.510.60 Excess of expenditure over income (-) 370,633.76 25,56,603.84

Income during the year Sr. No.Particulars Rs.(a)Bank interest1On fixed deposits 1,72,113.24 2On savings bank account 28,311.00 2,00,424.24 (b) Income from other sources1Membership fees 1,600.002Sale of publication1.030.003Subscription1,03,470.001,06,100.00(C) Donation50,000.00

Expenses incurred on objects of the Trust (educational) Sr. No.Particulars Rs.(a)Journal expenses1Printing and posting journal 2,58.486.00 2Honoraria 2,90,850.00 5,49,336.00(b)Establishment expenses1Miscellaneous expenses400.00 2Computer expenses 738.00 3Conveyance expenses28,634.004Legal fees paid170.005Photocopying charges1,797.00 6Website expenses38,605.007Hospitality meeting charges 94,830.008Bank charges1,375.001,66,549.00(c)Other1Depreciation243.002Audit fees11,030.0011,273.00