general committee 2019-2020 - since 1792

General Committee 2019-2020

DINYAR MUCADUMPRESIDENT

SANJIB BARBORAHONY TREASURER

BITTY ALEXANDERVICE PRESIDENT

HIRAK DASGUPTAMEMBER - BAR

AMITAVA DATTAMEMBER - HOUSE

SANAYA MEHTA VYASMEMBER - ENTERTAINMENT

& COMMUNICATIONS

VIKRAM JAIRATHMEMBER - CATERING

SURENDRAN MENONMEMBER - RELATIONS

GAURAB GHOSH MEMBER - GYM, CFC, SWIMMING

POOL & SPECIAL PROJECTS

GUNEET S GREWALMEMBER -GROUND

PARITOSH SINHAMEMBER - LEGAL

SAURAV CHATTERJEESPORTS COORDINATOR

TILL DEC 2019

ARUN DHARIWALMEMBER - SPONSORSHIP

COL. SHIBASHIS BANERJEE (RETD)SECRETARY

General / Balloting Committee, Section Captains 5

Notice 6-7

Note for Remote E-Voting 8-10

Report of the General Committee 11-17

Independent Auditor’s Report 18-19

Balance Sheet 20

Statement of Income & Expenditure 21

Cash Flow Statement 22

Notes to the Financial Statement 23-35

Membership Strength 36

Club Members represented the Country in various major sports 37

Members / Dependants who have excelled in various sportingdisciplines 37

Total Income - Graph 38

Total Expenditure - Graph 38

Total Investment - Graph 39

Income from Investment - Graph 39

Life Members 40

Seventeenth Annual Report 2019-2020

Contents

President

Mr. Dinyar Mucadum

Vice - President

Mr. Bitty Alexander

Honorary Treasurer

Mr. Sanjib Barbora

General Committee

Mr.Amitava Datta

Mr. Hirak Dasgupta

Mr. Vikram Jairath

Ms. Sanaya Mehta Vyas

Mr. Saurav Chatterjee

Mr. Guneet S Grewal

Mr. Surendran Menon

Mr. Gaurab Ghosh

Mr. Paritosh Sinha

Mr. Arun Kr. Dhariwal

Balloting Committee

Dr. Pronab Dasgupta

Capt. Arnab Sen

Mr. Arabinda Bose

Mr. Shekhar Niyogi

Mr. Subrata Das

Mr. Deepankar Nandi

Captains of the Season

Cricket

Mr. Wasim Aziz

Football

Mr. Jeh Williamson

Hockey

Mr. Cyril Bruce Lindsay

Rugby

Mr. Rohit Jacob

Tennis

Mr. Shantanu Tewary

Cycle Polo

Mr. Deepak Lal

Swimming

Mr. Suhel Niyogi

Gym

Ms. Ayushi Agarwal

Bridge

Mr. A. K. Bose

Squash

Mr. Tanweer Ahmed

Golf

Mr. Savindar Singh

Badminton

Mr. Chittapriyo Bose

Table Tennis

Mr. Shekhar Niyogi

Darts

Mr. Kaushik Padhi

Bankers :

Yes BankState Bank of India

HDFC BankBandhan Bank Syndicate Bank

Axis Bank

Auditors :

P. C. Boral & Co.

Chartered Accountants

Firm Reg No : 304080E

Registered Office :

CALCUTTA CRICKET & FOOTBALL CLUB

19/1, Gurusaday Road, Ballygunge, Kolkata - 700 019

CIN No. U92412WB2003GAP096325

05Annual Report 2019-2020

Annual Report 2019-2020 06

Annual General Meeting

NOTICE

Notice is hereby given that the Seventeenth Annual General Meeting of the Members of The Calcutta Cricket & Football Club will be held on Monday 28th December, 2020 at 5.00 pm, through Video Conferencing (VC) / Other Audio Visual Means (OAVM) to transact the following business:

As Ordinary Business:

1. To consider and adopt the Report and Audited Accounts for the year ended 31 March 2020.

2. To appoint an Auditor to hold Office until the next Annual General Meeting and to fix their remuneration. 3. To elect a President.

4. To elect a Vice- President.

5. To elect nine members for the General Committee.

6. To elect six members for the Balloting Committee.

� � � � By order of the General Committee� � � � � Col. Shibashis Banerjee (Retd)

� � � � � Secretary

THE GENERAL COMMITTEE WOULD BE OBLIGED IF ANY MEMBER

DESIROUS OF SEEKING ANY CLARIFICATION ON THE REPORT AND

ACCOUNTS, COULD PLEASE INFORM THE SECRETARY IN WRITING AT

LEAST 7 DAYS PRIOR TO THE MEETING.

19/1, Gurusaday Road,Kolkata - 700 01921st November, 2020.

Calcu�a Cricket & Football ClubCIN : U92412WB2003GAP096325

19/1, Gurusaday Road, Kolkata - 700 019

Phone : 2461-5060 / 5204, Fax : 2461-5058

E-mail : [email protected]

a) In view of the continuing Covid-19 pandemic, the Ministry of Corporate Affairs (''MCA'')

has vide its General Circular No.20/2020 dated 5th May, 2020 read with General Circular

No.14/2020 dated 8th April, 2020 and General Circular No.17/2020 dated 13th April, 2020

(collectively referred to as ''MCA Circulars'') permitted the holding of the Annual General

Meeting (''AGM'') through Video Conferencing (''VC'')/Other Audio Visual Means

(“OAVM''), without the physical presence of the Members at a common venue. In

compliance with the provisions of the Companies Act, 2013 (''Act”) and MCA Circulars, the

AGM of the Club is being held through VC/OAVM. The procedure for participating in

the meeting through VC/OAVM is explained in the subsequent pages for the

information of members. The venue of the meeting shall be deemed to be the Registered

office of the Club at 19/1, Gurusaday Road, Kolkata - 700019.

b) In compliance with the aforesaid MCA Circulars, the Notice and the Annual Report is being

sent only through electronic mode to all Members whose email address are registered with

the Club. The email address to which the monthly bills of the Members are being sent, have

been considered as the registered email address.

c) Members attending the AGM through VC/OAVM shall be counted for the purpose of

reckoning the quorum under Section 103 of the Act.

NOTES

Calcu�a Cricket & Football ClubCIN : U92412WB2003GAP096325

19/1, Gurusaday Road, Kolkata - 700 019

Phone : 2461-5060 / 5204, Fax : 2461-5058

E-mail : [email protected]


NOTE FOR REMOTE E-VOTING

1. E-Voting will be eligible to only members who

have Registered their E-mail IDs with the Club.

The Club requests members who have not

registered their E-mail IDs to do so at the earliest.

2. Nomination for the post of President, Vice-

President and the Committee Members shall be

received by 12th Dec 2020 till 5.00 PM. The last

date for withdrawal of the nomination shall be on

19th Dec 2020 by 5.00 PM. Final list of the

candidates offering themselves to each of the

above posts shall be displayed on the Notice

Board of the Club on 21st December 2020.

3. Members are required to cast their electronic vote

personally. Members who have paid the Club

bills till the month of Oct 2020 only shall be

eligible to cast their vote on the business stated in

this notice. The last date for effecting payment is

fixed at 5 pm 19th December 2020 by cash/credit

card at the office, to enable the Club to draw list of

members eligible to vote and send data to CDSL

for uploading in their E-voting system. Payment

by cheque to be made by 17th of December 2020.

Vote cast by a Member who fails to effect

payment by the said date will be rejected.

4. In compliance with Section 108 of the Companies

Act, 2013 read with Rule 20 of the Companies

(Management and Administration) Rules 2014,

the Club is pleased to provide Members with the

facility to cast their votes through remote e-

voting with services provided by Central

Depository Services (India) Limited (CDSL).

5. The business may be transacted through such

voting on all resolutions set forth in the Notice of

the Annual General Meeting (AGM). The e-

voting period shall commence on Friday, 25th

December 2020 at 9.00 a.m. (IST) and end on

Sunday, 27th December 2020 at 5.00 p.m. (IST)

after which e-voting shall not be allowed. The e-

voting module will be disabled by CDSL for

voting thereafter. Once the vote on a resolution is

cast by the Member by e-voting, he/she shall not

be allowed to change it subsequently. The facility

for voting shall also be made available during the

AGM through Video Conferencing (VC) or Other

Audio Visual Means (OAVM) and Members

participating in the meeting who have not cast

their vote by remote e-voting prior to the meeting

shall be able to exercise their right to e-vote at the

meeting. The members who have cast their vote

by remote e-voting prior to the meeting may also

attend the meeting but shall not be entitled to cast

their vote again. Members who have not received

the Annual Report may either download it from

our e-voting service provider's website

www.evotingindia.com. Or from the Club

website. In case of any queries/grievances

pertaining to e-voting, please visit Help & FAQs

s e c t i o n a v a i l a b l e a t C D S L ' s w e b s i t e

www.evotingindia.com or send an email to

[email protected].

Instructions for e-voting:

1. Members are requested to log on to the e-voting website www.evotingindia.com.

2. Please click on Shareholders / Members

3. Please enter your user ID provided by CDSL

4. Please enter the image verification (Captcha) as displayed and click on Log-in

5. Please enter the “Sequence Number-1” in the “PAN” field

6. Please enter the “Sequence Number-2” again in the “Bank Details” field

7. Please click on the “Submit” tab to get to the Club selection screen

8. Please click on the EVSN (Electronic Voting Sequence Number) of Calcutta Cricket and Football Club on which you choose to vote. There

08 Annual Report 2019-2020

NOTE FOR REMOTE E-VOTING (Contd...)

will be a separate EVSN for every post viz : President, Vice President, Committee Members and Balloting members.

9. On the voting page, you will see “RESOLUTION DESCRIPTION” and against the same, the option “YES / NO” for voting. Please select the option YES or No as desired. The option YES implies that you assent the Resolution and option NO implies that you dissent to the Resolution.

10. In case you wish to view the entire Resolution details, please click on the “RESOLUTIONS FILE LINK”

11. After selecting the resolution, you have decided to vote on, please click on “SUBMIT”. A confirmation box will be displayed. If you wish to confirm your vote, please click on “OK”, else to change your vote, please click on “CANCEL” and accordingly modify your vote.

12. Once you “CONFIRM” your vote on the resolution, you will not be allowed to modify your vote.

13. Members can also take a print of the votes cast by clicking on “CLICK HERE TO PRINT” option on the voting page.

14. Members can also cast their vote using CDSL's mobile app m-Voting available for android based mobiles. The m-Voting app can be downloaded from Google Play Store. Apple and Windows phone users can download the app from the App Store and Windows Phone Store respectively. Please follow the instructions as prompted by the mobile app while voting on your mobile.

15. Mr. J P Khaitan, has been appointed by the General Committee to function as Scrutinizer for scrutinizing the process of remote e-voting and e-voting during the AGM to ensure that the voting process is conducted in accordance with the provisions of law.

16. The results of the voting along with the Scrutinizer's Report shall be uploaded on the CDSL's website www.evotingindia.com and also placed on the Notice Board of the Club.

INSTRUCTIONS FOR MEMBERS ATTENDING THE AGM THROUGH VC/OAVM ARE AS UNDER:

1. Members will be provided with a facility to attend the AGM through VC/OAVM through the CDSL e-Voting system. Members may access the same at https://www.evotingindia.com under shareholders/members login by using the remote e-voting credentials. The link for VC/OAVM will be available in shareholder/ members login where the EVSN of Company will be displayed.

2. Members are encouraged to join the Meeting through Laptops / IPads for better experience.

3. Further Members will be required to allow Camera and use Internet with a good speed to avoid any disturbance during the meeting.

4. Please note that Participants Connecting from Mobile Devices or Tablets or through Laptop connecting via Mobile Hotspot may experience Audio/Video loss due to Fluctuation in their respective network. It is therefore recommended to use Stable Wi-Fi or LAN Connection to mitigate any kind of aforesaid glitches.

5. Members who would like to express their views/ask questions during the meeting may register themselves as a speaker by sending their request along with their questions if any, in advance latest by 21st December, 2020, mentioning their name, membership number, email id, mobile number at ccfcsecretary@ ccfc1792.com. The members who do not wish to speak during the AGM but are having some queries may also send their queries in advance by 21st December 2020 mentioning their name, membership number, email id, mobile number at [email protected]. These queries will


be replied to by the Club either during the AGM or by email in due course.

6. Those members who have registered themselves as a speaker will only be allowed to express their views/ask questions during the meeting. The Club reserves the right to restrict the number of speakers depending on the availability of time for the AGM. In view of the time factor and the constraint thereof, each speaker is requested to express his / her views in 2- 3 minutes.

INSTRUCTIONS FOR MEMBERS FOR E-VOTING DURING THE AGM ARE AS UNDER:

1. The procedure for e-Voting on the day of the AGM will be the same as the per the instructions mentioned above for remote e-voting.

2. Only those Members, who are present in the AGM through VC/OAVM facility and have not casted their vote on the Resolutions through remote e-Voting and are otherwise not barred from doing so, shall be eligible to vote through e-Voting system available during the AGM.

3. If any Votes are cast by the Members through the e-voting available during the AGM and if the same Members have not participated in the meeting through VC/OAVM facility, then the votes cast by such Members shall be considered

invalid as the facility of e-voting during the meeting is available only to the Members attending the meeting.

4. Members who have voted through remote e-

Voting will be eligible to attend the AGM.

However, they will not be eligible to vote at the

EGM/AGM.

In case Members have any queries or issues

regarding attending AGM & e-Voting from the E-

Voting System, you may refer the Frequently

Asked Questions (“FAQs”) and e-voting manual

available at www.evotingindia.com, under help

s e c t i o n o r b y s e n d i n g a n e m a i l t o

[email protected] or contact Mr.

Nitin Kunder (022-2305 8738 ) or Mr. Mehboob

Lakhani (022-2305 8543) or Mr. Rakesh Dalvi

(022-2305 8542) or Mr. Arghya Majumder (M:

90739 80266).

All grievances connected with the facility for

voting by electronic means may be addressed to

Mr. Rakesh Dalvi, Manager, (CDSL) Central

Depository Services (India) Limited, A Wing,

25th Floor, Marathon Futurex, Mafatlal Mill

Compounds, N M Joshi Marg, Lower Parel

(East), Mumbai - 400013 or by sending an email to

[email protected] or call on

022-2305 8542/43.

NOTE FOR REMOTE E-VOTING (Contd...)


Your General Committee takes pleasure in presenting the seventeenth Annual Report and the Audited Financial Statements of the Club for the financial year ended 31 March, 2020.

FINANCIAL RESULTS 201 -12019-20 8 9

Amt/Amt/` `

Income for the year (excluding Interest Income)

Less : Expenditure (excluding Depreciation & before transfer of fund)

Surplus/(Deficit) before depreciation & transfer to Asset fund

Less : Depreciation

Surplus /(Deficit) after depreciation & before transfer to Asset fund

Add: Interest Income

Net Surplus / (Deficit) for the Year

(` in Lacs)

1226.17

1258.05

(31.88)

39.22

(71.10)

225.72

61.62

REPORT OF THE GENERAL COMMITTEEFOR THE YEAR ENDED 31ST MARCH, 2020

1227.28

1303.60

(76.32)

38.98

(115.30)

185.63

53.33

11

Amount transferred to Asset Funds 93.00

17.00

Surplus/(Deficit) after depreciation & transfer to Asset fund (164.10)

(132.30)

The Club's financial results for 2019-20 improved significantly compared to the previous year as operating deficit improved to ` (31.88) lacs from ` (76.32).

The Income & Expenditure account of the Club shows a healthy surplus of against ̀ 53.33 lacs in the ` 61.62 lacsprevious year. This surplus was achieved after creating a sports infrastructure fund of ` 64.00 lacs (previous year ̀ Nil) and transferring of ̀ 29.00 lacs (previous year ` 17.00 lacs) to Asset Fund to undertake various infrastructure development work for creating sports & other facilities.

Gross Income (excluding interest) was ̀ 1226.17 against gross Income of ` 1227.28 lacs last year. Due to better control on expenses, gross expenditure (excluding depreciation & transfer to fixed assets, sports infrastructure fund) was ` 1258.05 a reasonably decrease of 3.49% over previous year's amount of ` 1303.60 lacs.

Investments & Fixed Deposits as at 31.3.2020 increased by to against ̀ 2444.29 lacs in ` 148.99 lacs ̀ 2593.28 lacsthe previous year.

Receivables from Members/others as at 31.3.2020 increased to ` 261.98 lacs from ` 144.46 lacs in the previous year. Receivables as on 31.3.2020 increased mainly due to corporate entrance fees and sponsorship bills raised at the end of the year. Collection from members/others have also been significantly impacted due to closure of Club due to the covid-19 pandemic.

Reserves and Surplus of the Club as on 31.03.2020 increased to from ` 3100.68 lacs in the ` 3600.01 lacsprevious year. This was due to receipts of Entrance fees from Permanent /others members of ` 142.47 lacs(` 270.82 lacs previous year), of Corporate members ` 220.00 lacs (` 200.00 lacs previous year), accretion to fixed assets fund of (` 17.00 lacs previous ` 29.00 lacs year), Sports infrastructure fund of ` 64.00 lacs (previous yr. nil)

Annual Report 2019-2020

REPORT OF THE GENERAL COMMITTEE (Contd...)

FOR THE YEAR ENDED 31ST MARCH, 2020

12

INCOME

Gross Income including interest & before transfer to fixed assets fund increased robustly by from ` 38.98 lacsthe previous year by efficiently managing club affairs even after suspension of club operation from 23rd March, 2020 to 31st March, 2020 under covid-19 pandemic environment.

Surplus from was against Sports & Events ` 38.34 lacssurplus of ` 90.30 lacs last year. This was mainly due to the creation of sports infrastructure fund and reallocation of income from sponsorship to the Asset Fund. Sports activities achieved a surplus of ̀ 14.84 lacs compared to ̀ 16.51 lacs last year.

Departmental ` 54.19 Surplus appreciably increased to lacs against a surplus of ` 32.72 lacs last year. Surplus from increased to from a surplus of Bar ` 56.24 lacs` 27.32 lacs last year mainly due to a higher sales, increase in sponsorship and special cash discounts received at year end.

Catering ` 10.60 lacssurplus decreased to from ` 17.74 lacs last year. This was mainly due to the increase in cost of raw materials. There had been no price increase in club kitchen food items for more than last year.

Interest Income ` 225.72 lacs for the year increased toagainst ` 185.63 lacs in the previous year due to judicious investment in SBI perpetual bond & fixed deposits.

EXPENSES

Gross expenses reduced significantly with better enforcement of internal control and strict monitoring of cost control. The Club has been able to reduce total Expenses (before transfer to sports infrastructure fund) by ̀ 10.55 lacs from ̀ 1303.60 lacs in the previous year to ` 1293.05 lacs in the current year.

OTHERS

As at 31st March 2020 the club had gross of Fixed Assets` 853.16 lacs ` 39.28 , which included net additions of lacs during the year.

During financial year 2019-20, fifteen (15) meetings of

your Committee Members were held and they were

attended by most Members of your Committee.

COMMITTEE'S RESPONSIBILITY STATEMENT

The Committee acknowledges the responsibility for

ensuring compliance with the provisions of section

134(3) (c) read with 134(5) of the Companies Act, 2013

and state that:

a) In the preparation of Annual Accounts, the

applicable accounting standards have been

followed along with proper explanation relating

to material departures, if any

b) The Committee had selected such accounting

policies and applied them consistently and made

judgments and estimates that are reasonable and

prudent so as to give true and fair view of the

state of affairs of the club at the end of the

financial year and of the surplus of the club for

that period,

c) The Committee had taken proper and sufficient

care for the maintenance of adequate accounting

records in accordance with the provisions of this

Act for safeguarding the assets of the club and for

preventing and detecting fraud and other

irregularities,

d) The Committee had prepared the Annual

Accounts on a going concern basis.

e) The Committee has devised proper systems to

ensure compliance with the provisions of all

applicable laws and that such systems are

adequate and operating effectively. However,

preparation of internal control manual,

considering the essential components of internal

control stated in the Guidance Note on Audit of

Internal Financial Controls over Financial

Reporting issued by the Institute of Chartered

Accountant of India is in progress.




13

Loans Guarantees & Investments

There are no loans, guarantees or investments u/s 186 of the Companies Act, 2013.

Your Club has neither given guarantees to nor made investments in related parties during the financial year hence the requirement of Form AOC-2 has been dispensed with.

Significant and material order

There are no significant and material orders passed by the regulator or Courts or tribunals impacting the going concern status and club's operation in future

Information pursuant to Section 134(3) of the Companies Act, 2013

Your Company is a Members' Club which is providing services to its members. Hence, provisions relating to conservation of energy and technology absorption are not applicable. Particulars of foreign exchange earnings and outgo are given in Notes forming part of audited financial statement.

Internal Control

Policies and system for internal control including financial and Risk Managment continued to be adequate and commensurate with size and level of operations of your Club.

Pursuant to section 135 of Companies Act, 2013, Corporate Social Responsibility is not applicable to the club.

Disclosure on sexual harassment

A committee on sexual harassment has been constituted and maintained. No sexual harassment case was reported to the committee during the year.

Legal Matters

During the current financial year, the club has defended the following legal proceedings served on the club:

1. Proceeding initiated by M/s. Info Base Services Pvt. Ltd. The said proceeding is pending.

2. Proceeding initiated by Mr. Daniel Ghaznavi. The said proceeding is pending.

3. Proceeding initiated by Mr. Karan Grewal. The said proceeding is pending.

Committee Members

All Committee Members shall retire at the Annual General Meeting as per Articles of Association of the Club.

Statutory Auditor's Report and their Re-appointment

Report of the Auditors, including references made therein to the Notes forming part of the Statement of Accounts, are self explanatory.

M/s. P. C. Boral & Co. Chartered Accountants, retires at the conclusion of ensuing Annual General Meeting and are eligible for re-appointment under section 139 of the Companies Act, 2013. They have given their written consent for reappointment and provided the certificate required under Section 139 of the Companies Act, 2013.

Following the provisions of Section 139 of the Act, their appointment as Auditors of your Company is required to be ratified at ensuing Annual General Meeting:

Disclosure about Employees

Disclosure of requisite information of Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is not applicable

SPORTS REPORT

CRICKET

Cricket Season 2019-20 started off with Mr. Wasim Aziz being nominated as the section Captain, Mr. Mainak Choudhury Vice Captain and 3 Secretaries (Mr. Gagan Arora, Mr. Abhishek Deb and Mr. Zafar Aziz Khan).




14

The cricket section appointed Mr. Jeet Banerjee as C Team Captain and Mr. Aman Sondhi as B Team Captain.

The season started with the traditional President's vs Vice President's XI on the 30th of Nov, 2020.

This year special emphasis and efforts were made in inviting social clubs, Police and Army teams to maintain and ensure cordial relations especially with the Police and Army.

Two of our Sports Members have been converted to permanent members (Mr. Ishanjit Ghosh and Mr. O P Tiwari).

The current wicket-keeper of the Indian team Wriddhiman Saha was made an honorary member of the Club.

The Section successfully continued the 2nd edition of the T10 Cricket Franchise League in which there were almost 100 participants. The event was a grand success. The event got all members thoroughly enjoying no matter what age group came together leaving aside differences and playing competitive cricket.

A special thanks to Mr. Saurav Chatterjee, Mr. Abhishek Deb, Mr. Gagan Arora and Mr. Zafar Aziz Khan. With the introduction of T10 the cricket section has contributed additional revenue for the club in terms of sponsorship and other income.

Post this tournament the section organised the traditional Merchants Cup in which 57 corporates participated. With the Covid -19 looming from behind the section was luckily able to complete the tournament before the Lockdown had been declared. Special thanks to the section bearers who ensured it was completed in time.

This season the Section visited Bangkok with two teams in the month of January 2020. CC&FC played a traditional Interport game versus RBSC and emerged as winner.

Our League Pro Team performed fairly well this year

and had made it to the 2nd round of the 45 over CAB

tournament. However due to the Pandemic and

declaration of lockdown the CAB League and Knockout

could not be completed.

After many years the club was awarded 2 Ranji Trophy

matches by CAB and we played host to Mizoram vs Goa

and Mizoram vs. Nagaland.

Special thanks to the ground member and the ground

staff who made this possible and ensured that the

ground was prepared and certified by the All India

BCCI curator as fit for Ranji trophy matches. In our

efforts for better upkeep of our grounds we have

recently purchased two motorised Lawn mowers

similar to the ones used at the Eden Gardens.

We hope that CAB will continue to award Ranji trophy

matches on our ground.

The Cement Practice pitch has been recently replaced by

a Synthetic Cricket practice turf.

FOOTBALL

Breaking tradition this year in order to accommodate a

new addition to the section the season kicked off on the

20th of April 2019 as opposed to the 1st of May with the

Presidents vs. Vice Presidents XI.

This year the Section introduced the first ever SOCCER

7s PREMIER LEAGUE which turned out to be a huge

success bringing all the members and some invitees

from other clubs as guest players together to battle it out

on the field. The section hosted a total of 8 franchise

teams. The tournament went on for scintillating 2 weeks

and in the end it was Saugata Nandi's team XMEN who

were the victors and Jeet Ganguly' s team SHELLYS

SUPERSTARS as runners up. Special thanks to Sourav

Chatterjee (who came up with the concept of the

tournament), Bradley Williams, Divyak Doshi, Anuj

Kichlu, Nirmalya Karmakar, Aaron Redden and

Abhikshek Deb and last but not the least Mainak

Choudhury whose constant efforts put together

ensured a successful tournament.




15

Following the franchise league was the well renowned

TELEGRAPH MERCHANTS CUP 5 A SIDE which

hosted 60 odd teams. The corporate footmen fought it

out for a month long spell and eventually all teams

failing to beat the illustrious HSBC BANK, emerging

the victors for the 2019 edition. A special thanks to the

entire football section and the grounds men who came

together and helped in organizing one the best

corporate tournaments in town.

The Soccer 11-a-side season kicked off a week later. This

year was extremely memorable as the section organized

some renowned opponent teams from the likes of

BANGALORE FC, EAST BENGAL FC, ATHLETICO

DE KOLKATA, MIXED INTERNATIONALS and the

ARMY XI, amongst numerous other strong teams. The

CC&FC team played their hearts out and had great

results against all of them. A special mention must be

made to our young up and coming players and to

encourage them to continue in the spirit that they have

played during the season. The section inducted two

new sports members, Brandon Murray and Duane

Andrews.

The Whites (Veterans) and the Blues who was renamed

the Greys this year also had many games of tough

competition and fun at the same time.

Another addition this year was the kids coaching camp

run by the EX INTERNATIONAL ALVITO DE

CUNHA. The camp was started on very short notice

and in spite of this there was a good turnout of around

30 children enrolling and enjoying the expert training

and super facilities by the club. In future awareness will

be further spread well in advance hoping to involve

more kids and more age groups to inspire more talent

and ingrain the nature of sport in kids all over Kolkata.

DARTS

The year 2019-2020 has been undoubtedly the best and

most successful year for CC&FC Darts after more than a

decade thanks to the efforts of the Darts Captain

Kaushik Padhi and his team.

In August 2019 the section held the 3rd Darts Super

League which turned out to be the biggest Darts Intra-

Club event ever held in the club. The 3rd edition had a

record 80 players playing for 10 teams. Team ROXTON

owned by Sneha Agarwal and captained by Clinton

Khanna won the tournament.

Our CC&FC Darts team won the 1st CSC INTER CLUB -

2019 Tournament which was held at The Calcutta

Swimming Club. Jaqueline Khanna won the Player of

the Tournament for her outstanding performance.

In the month of November, 2019, CC&FC organised and

held the 2nd WEST BENGAL INTER CLUB

TOURNAMENT in our Pool Pub. CC&FC won this

tournament by beating BRC convincingly in the finals.

Unfortunately, all plans for future tournaments were

disrupted by the pandemic.

TABLE TENNIS

Table Tennis, although not a mainstream sport at the

club, has a devoted and die-hard following, extremely

enthusiastic in their participation in the sport. In the

immediately preceding years, our Intra-Club

tournaments have seen huge participation, often

exceeding 50 plus participants battling it out, across all

age groups. However, this year due to the absence of the

Shamiana structure, which housed the table tennis

tables and playing arena, the section was unable to hold

an Intra Club tournament.

This did not really dampen all of the enthusiasm or

activity as the team participated in tournaments hosted

by other clubs and organizations and fared creditably.

CC&FC participated in the tournament held at

Dalhousie Institute in 2019 and the team comprised of

Swaroop Mukerjee, P. Guha Thakurta, Aditya Chirimar,

Kushagra Kanoria and Shekhar Niyogi (Captain).

In January 2020, the team was invited to play a 2-day

tournament at the Dhanuka Dhunseri Table Tennis

Championship. CC&FC was represented by Prochy




16

Mehta, Ranabir Das, Aditya Chirimar, Anirudh

Chirimar and Shekhar Niyogi. Prochy Mehta and

Shekhar Niyogi indiv idual ly won the Bes t

Sportsmanship Awards.

TENNIS

The Tennis Calendar 2019-2020 has been abuzz with a plethora of exciting Fixtures and Activities.

The Season commenced in April 2019 with the much- awaited Saturday Club Carnival where yet again CC&FC became the cynosure of all eyes to kiss the Victory Cup.

The Section hosted a lively Intra-club tourney with Members turning out in large numbers agog with enthusiasm amongst good - hearted banter and bonhomie so typical of our Club spirit.

The Courts were repaired and put back in apple pie order and a state-of-the-art Lights where the Lux levels are possibly the best there can be, have been installed that proudly illuminates the Courts.

End May- Early June a Friendly Tie was played at South Club & CC&FC respectively (grass & clay) where both Clubs shared the Honours.

In December the Section conducted the Concast Inter-Club Tournament that witnessed some of the highest level of the city's Tennis where CC&FC lost in the semi-finals by a narrow margin.

In January this year CC&FC beat Calcutta Club comprehensively in the Friendly Tie with the latter.

In end February, early March this year the BTA League Tournament was held where CC&FC performed creditably winning the Silver Plate defeating Shyambazar Club.

Before the lockdown the Section enjoyed a wonderful camaraderie winning against The Parsee Club in a Friendly Tie.

There would have been more of such diverting and challenging events and tourneys had the unforeseen pandemic not brought the calendar to an abrupt halt.

GOLF

Unfortunately, the Golf section could not have most of the annual tournaments, as they normally have since these are planned for March/April each year and this year, due to the pandemic, these dates were not available to us to have both the Chakki Memorial & the Halmari Cup, between us and Tollygunge Club and RCGC, respectively.

However, the section did manage to play in the ill-fated Eastern Star Cup at Fort William which was postponed 3 times due to the heavy rains and was finally played on 1st December, 2019. We had 8 of our members representing us, which was a mix of youth & experience. We finished 4th out of 8 clubs that took part.

SWIMMING

The season was quite a sober one this time. There were fewer events than normal in the club circuit.

We had our star member swimmers shine at various levels.

Tanisha Dhar achieved super success in the Regional School Games, District Meet as well as national events.

Zain Ahmed, Srijit Banerjee performed very well at the La Martiniere inter-mart meet. Taking the school to another historic victory.

A lot of repair work was carried out on the pool including the changing of the Pool LED lights, changing of Tiles around the pool and improving the drainage system.

BRIDGE

The Club bridge team had a decent year being runners up in both the tournaments it participated during the year i.e. the Inter Club Sports Carnival & the Monsoon




17

League. The Intra Club Monthly Pairs tournament held on the third Saturday of the month continues to be a popular date in the bridge calendar of the social clubs of the city.

RUGBY

The 2019 rugby season started with an action packed 15-a-side Calcutta Cup followed by the Centenary Cup, with CC&FC men's team fighting closely ended games and faring 3rd. The women's team was runners up for the Centenary cup final.

Georgiadi 7s - The 2 day nonstop 7's Rugby weekend action hosted by CC&FC and broadcasted on YouTube which was a first time ever, was probably the most adrenaline pumping 7s tournament ever had. 19 Men's and 8 Women's teams fought for glory, including teams like the Indian Army and the Indian National teams that were finalised for the Asia Rugby Sevens tournament. CC&FC Men's were Cup runners up for the tournament.

The 86th All India & South Asia Rugby 15's tournament which was hosted by CC&FC was a successful week long rugby carnival. 11 men's teams and 8 women's teams from all over the country fought tirelessly in the heavy mud slushing rain. Our women's team gave the most experienced and skilled teams a run for their money, defeating Bihar and having nail biting close losses against Maharashtra and Odisha reaching the semi-finals. The men's too fought really close games

with luck not on their side, losing 2 games by a 2 point margin, and fared runners up in the Plate finals. The CC&FC women's team won the Best Scrum award and Rohit Jacob was awarded the Best Coach during the All India tournament for the women's category.

Suraj Prasad, once again represented the country in the senior 15’s Asia Rugby Tournament. Suraj Prasad and Nizam Ahmed represented Bengal in the State level tournament. Sourojit Ghosh, a World Rugby certified referee, travelled across Asia to referee in the Asia Rugby Division 1 U19 and Division 3 senior tournaments. Palak Poddar, also a World rugby certified official and a member of the Asia women’s Referees committee refereed in the Asia Rugby Women’s Division 1 7’s tournament. Palak also represented Bengal in the State level tournament. Sanaya Mehta Vyas was also selected as member of the Asia Rugby Women’s advisory Committee.

The General Committee wishes to thank all members and their families for the support extended to the Club.

On behalf of the General Committee

DINYAR MUCADUMPresident

Place: KolkataDate: 21st November, 2020


INDEPENDENT AUDITOR’S REPORTTO THE MEMBERS OF CALCUTTA CRICKET & FOOTBALL CLUB

Opinion

We have audited the accompanying financial

statements of M/s. Calcutta Cricket & Football Club

(“The Company”) which comprises the Balance Sheet

as at March 31, 2020, the Statement of Income and

Expenditure, and statement of cash flows for the year

then ended, and notes to the financial statements,

including a summary of significant accounting policies

and other explanatory information.

In our opinion and to the best of our information and

according to the explanations given to us, the aforesaid

financial statements give the information required by

the Act in the manner so required and give a true and

fair view in conformity with the accounting principles

generally accepted in India, of the state of affairs of the

Company as at March 31, 2020, and surplus, and its cash

flows for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the

Standards on Auditing (SAs) specified under section

143(10) of the Companies Act, 2013. Our responsibilities

under those Standards are further described in the

Auditor's Responsibilities for the Audit of the Financial

Statements section of our report. We are independent of

the Company in accordance with the Code of Ethics

issued by the Institute of Chartered Accountants of

India together with the ethical requirements that are

relevant to our audit of the financial statements under

the provisions of the Companies Act, 2013 and the Rules

thereunder, and we have fulfilled our other ethical

responsibilities in accordance with these requirements

and the Code of Ethics. We believe that the audit

evidence we have obtained is sufficient and appropriate

to provide a basis for our opinion.

Responsibility of Management for the Financial

Statements

The Company's Committee Members is responsible for

the matters stated in section 134(5) of the Companies

Act, 2013 (“the Act”) with respect to the preparation of

these financial statements that give a true and fair view

of the financial position, financial performance, and cash

flows of the Company in accordance with the accounting

principles generally accepted in India, including the

accounting Standards specified under section 133 of the

Act. This responsibility also includes maintenance of

adequate accounting records in accordance with the

provisions of the Act for safeguarding of the assets of the

Company and for preventing and detecting frauds and

other irregularities; selection and application of

appropriate implementation and maintenance of

accounting policies; making judgments and estimates

that are reasonable and prudent; and design, implemen-

tation and maintenance of adequate internal financial

controls, that were operating effectively for ensuring

the accuracy and completeness of the accounting

records, relevant to the preparation and presentation of

the financial statement that give a true and fair view and

are free from material misstatement, whether due to

fraud or error.

In preparing the financial statements, management is

responsible for assessing the Company's ability to

continue as a going concern, disclosing, as applicable,

matters related to going concern and using the going

concern basis of accounting unless management either

intends to liquidate the Company or to cease

operations, or has no realistic alternative but to do so.

The Committee Members are also responsible for

overseeing the company's financial reporting process.

Auditor's Responsibility for the Audit of the

Financial Statements

Our objectives are to obtain reasonable assurance about

whether the financial statements as a whole are free

from material misstatement, whether due to fraud or

error, and to issue an auditor's report that includes our

opinion. Reasonable assurance is a high level of

assurance, but is not a guarantee that an audit


INDEPENDENT AUDITOR’S REPORT

conducted in accordance with SAs will always detect a

material misstatement when it exists. Misstatements

can arise from fraud or error and are considered

material if, individually or in the aggregate, they could

reasonably be expected to influence the economic

decisions of users taken on the basis of these financial

statements.

Report on Other Legal and Regulatory Requirements

1. As required by Section 143(3) of the Act, we report

that:

(a) We have sought and obtained all the

information and explanations which to the

best of our knowledge and belief were

necessary for the purposes of our audit.

(b) In our opinion, proper books of account as

required by law have been kept by the

Company so far as it appears from our

examination of those books.

(c) The Balance Sheet, the Statement of income

and expenditure and the Cash Flow

Statement dealt with by this Report are in

agreement with the books of account.

(d) In our opinion, the aforesaid financial

statements comply with the Accounting

Standards specified under Section 133 of the

Act, read with Rule 7 of the Companies

(Accounts) Rules, 2014.

(e) On the basis of the written representations

received from the committee members as on 31st March, 2020 taken on record by the

General Committee, none of the committee

members is disqualified as on 31st March,

2020 from being appointed as a committee

member in terms of Section 164(2) of the Act.

(f) With respect to the other matters to be

included in the Auditor's Report in accordance

with Rule 11 of the Companies (Audit and

Auditors) Rules, 2014, in our opinion and to

the best of our information and according to

the explanations given to us:

i. The Company has disclosed the impact

of pending disputes with statutory

authorities, on its financial position in

its financial statements - refer note no:

24 to 26 to the financial statements.

ii. The Company did not have any long-

term contracts including derivative

contracts for which there were any

material foreseeable losses.

iii. There were no amounts which were

required to be transferred to the

Investor Education and Protection

Fund by the Company.

for P. C. Boral & Co.Chartered Accountants

FRN 304080E

S. K. BoralProprietor

Membership No. 051424UDIN: 20051424AAAAHR3884

Place: Kolkata

Date: 21st November, 2020

TO THE MEMBERS OF CALCUTTA CRICKET & FOOTBALL CLUB


Note 31.03.2020 31.03.2019 Amount / ` Amount / ` I. EQUITY & LIABILITIES 1. Members' Funds

a) 2 Reserves & Surplus 310,067,998 360,000,806

2. Current Liabilities

a) Payable for Club Activities 3 1,829,501 1,693,391 b) 4 Other Current Liabilities 27,423,290 33,043,148 c) Short Term Provisions 5 2,552,227 2,161,948

397,425,682TOTAL 341,346,627 II. ASSETS

1. Non-Current Assets

a) Fixed Assets (i) Tangible Assets 6.1 36,127,315 36,370,670 (ii) Intangible Assets

(iii) Capital work in Progress6.2 603,555 237,397

800,630

37,165,342 36,974,225

b) Non-Current Investments 7 106,260,610 29,700,000 c) Long Term Loans and Advances 8 2,243,818 2,525,113 d) Other Non-Current Assets 9 112,242,286 156,955,453

2. Current Assets

a) Inventories 10 6,657,607 4,050,794 b) 11 Receivables from Members/Others 14,446,045 26,197,616 c) Cash & Cash Equivalents 12 98,944,332 88,153,206 d) Short Term Loans & Advances 13 2,344,465 1,429,088 e) Other Current Assets 14 5,369,606 7,112,703

139,513,626 115,191,836

TOTAL 397,425,682 341,346,627

Attached notes form an integral part of the financial statement

This is the Balance Sheet referred to in our report of even date.

Dinyar MucadumPresident

Place : KolkataDate : 21st November, 2020


Mem. No. 051424P. C. Boral & Co.

Chartered AccountantsFRN. No. 304080E

UDIN: 20051424AAAAHR3884

Guneet S GrewalMember - Ground

BALANCE SHEETAS AT 31ST MARCH, 2020


Note Year ended Year ended 31.03.201 31.03.2020 9

Amount /` Amount /`

INCOME

i) 15 Income from Club Activities 119,707,888 115,885,761

ii) Other Income 16 23,502,898 19,884,031

iii) Total Income ( i + ii ) 139,388,659 139,591,919

iv) EXPENSES

Expenses on Club Activities 17 85,769,389 88,051,835

Employees’ Benefit Expenses 18 20,323,298 20,121,388

Depreciation & Amortisation Expenses 3,921,603 3,898,223

Other Expenses

Sports Infrastructure Fund

19

19,711,934

3,500,000

22,187,195

-

Total Expenses 133,226,224 134,258,641

v) Surplus/(Deficit) for the year (iii - iv) 6,162,435 5,333,278

Attached notes form an integral part of the financial statement

This is the Statement of Income and Expenditure referred to in our report of even date.







STATEMENT OF INCOME & EXPENDITUREFOR THE YEAR ENDED 31ST MARCH, 2020



Year ended Year ended 31.03.201 31.03.2020 9

Amount / ` Amount / ` A. Cash Flow from Operating Activities Surplus/(Deficit) for the year 6,162,435 5,333,278

Add : Non Cash Adjustment Depreciation & Amortisation 3,921,603 3,898,223 Contingencies, leave (net of payments) 390,279 163,204 Liabilities written back (550,814) (1,040,295) Interest on Bond Deposits etc. (17,994,801) (18,562,587)

(14,233,733) (15,541,455)

Operating Profit before working capital change (8,071,298) (10,208,177) Adjustments for : Receivable from Members & Others 34,070,611 (88,936,151) Inventories (2,606,813) (520,742) Payable for club activities & others 6,306,782 (8,121,650)

37,770,580 (97,578,543)

Net Cash generated from operating activities [A] 29,699,281 (107,786,720) B. Cash Flow from Investing Activities Dividend / Interest on Bank Deposit, Bonds & Others 17,994,801 18,562,587

Capital expenditure on Fixed Assets including utilisation of Fixed Assets Fund (5,889,136) (5,709,467)

Net Cash from Investing Activities [B] (64,454,945) 12,853,120 C. Cash Flow from Financing Activities Contribution towards Corpus 36,246,790 47,081,600 Sponsorship for Fixed Assets & Other (fund) 93,000,000 1,700,000

Net Cash generated from finance activities [C] 45,546,790 48,781,600

Net increase in Cash and Cash Equivalent [A+B+C] 10,791,126 (46,152,000)

Cash and Cash Equivalent at the beginning of the year 88,153,206 134,305,206

Cash and Cash Equivalent at the end of the year 98,944,332 88,153,206

Note : The above Cash Flow Statement has been prepared under the “Indirect Method” as set out in the Accounting Standard - 3 on Cash Flow Statement issued by The Institute of Chartered Accountants of India.

This is the Cash Flow Statement referred to in our report of even date.S. K. BoralProprietor






CASH FLOW STATEMENT

Investment in Bonds (76,560,610




NOTES TO THE FINANCIAL STATEMENT

1. Accounting Policies

Some of the significant accounting policies are summarized below:

(i) Basis of Accounting

The financial statements are prepared in accordance with the accounting principles generally accepted in India. The Club follows the accrual method of accounting under historical cost convention.

(ii) Fixed Assets and Depreciation

The Fixed Assets are stated at cost. Cost includes inward freight, duties, taxes and incidental expenses related to acquisition and installation of fixed assets.

Depreciation on fixed assets is provided on straight line method in accordance with Schedule II to the Companies Act, 2013. However, computer software is fully amortized over a period of three years irrespective of date of addition.

Profit or Loss on disposal / write off of fixed assets is recognized in Income and Expenditure Account.

(iii) Investments

Investments are stated at cost. Where applicable, provision is made when there is a fall, other than temporary, in valuation of investment.

(iv) Stock

Stock of Wines and other items are valued at cost. Cost is calculated on FIFO basis and includes inward freight, duties, taxes. Where necessary, provision is made for obsolete, slow-moving and defective stocks.

(v) Foreign Currency Transactions

Transactions in foreign currency are recorded in Rupees by applying the rate of

exchange prevailing on the date of transaction.

(vi) Employees Benefits

Short term employee benefit (i.e benefit payable within one year) are recognized in the period in which employee services are rendered.

The Club contributes to Provident Fund and Pension Fund which are now administered by the Regional Provident Fund Commissioner, West Bengal and such contributions are recognized as expenses.

The Club also contributes to the ESI fund and such contribution is recognized as expenses.

The Club has joined the Group Gratuity Scheme of the Life Insurance Corporation of India (LICI) and created a trust as required under the scheme. Liability for the gratuity is provided and funded on the basis of actuarial valuation by LICI.

Provision for Leave Encashment is being made on non-actuarial basis.

(vii) Revenue Recognition

Subscription revenue from members is recognized on an accrual basis.

Sponsorship receipts relating to capital expenditure are earmarked to specific Funds. However, w.e.f. 01.04.2010 sponsorship receipts relating to capital expenditure are netted with cost of the asset. Other sponsorship receipts are credited to the respective revenue accounts.

(viii) Capital Reserve

This reserve comprises of two accounts viz. Permanent Members and Corporate Members. All Entrance Fees related to permanent member are credited to the Permanent Members Account under Capital Reserve. Corporate Members' Entrance fees are credited to Corporate Member Account under Capital Reserve.



NOTE - 2 Year ended Year ended 31.03.2020 31.03.2019

Amount / ` Amount / ` A. CAPITAL RESERVE

Members other than Corporate Members

Balance as per last Account 134,222,066 107,140,466

Add : Permanent Members’ Entrance Fees received during the year 13,085,000 24,525,000

Add : NRI Members’ Entrance Fees received during the year 528,000 2,496,600

Add : ET Members’ Entrance Fees received during the year 633,790 -

Add : Sports Members’ Entrance Fees received during the year 60,000

148,468,856 134,222,066

Corporate Members

Balance as per last Account

95,900,000 75,900,000

Add : Admission Fees received during the year

22,000,000 20,000,000

117,900,000 95,900,000

B. FIXED ASSET FUND

Balance as per last Account 1,835,198 179,387

Add : Addition during the year 2,900,000 1,700,000

4,735,198 1,879,387

Less : Utilised during the year 1,649,001 -

Less : Depreciation 44,189 44,189

3,042,008 1,835,198

C. SPORTS INFRASTRUCTURE FUND

Balance as per last account

2,900,000Add : Addition during the year -

Add : Transferred from Income & Expenditure Account 3,500,000 -

6,400,000 -

RESERVES & SURPLUS

NOTES TO THE FINANCIAL STATEMENT (Contd...)



Year ended Year ended 31.03.2020 31.03.2019

Amount / ` Amount / `



D. SWIMMING POOL FUND

Balance as per last account 1,013,336 1,056,649

Less : Depreciation

43,287 43,313

970,049 1,013,336

E. DINING HALL FUND

Balance as per last Account 82,737 122,677

Less : Depreciation 39,940 39,940

42,797 82,737

F. CREDIT BALANCE IN INCOME & EXPENDITURE ACCOUNT


Surplus / (Deficit) for the year 6,162,435 5,333,278

83,177,096 77,014,661

360,000,806 310,067,998


Year ended Year ended 31.03.2019 31.03.2020 Amount / ` Amount / `

NOTE - 3

PAYABLE FOR CLUB ACTIVITIES

Sundry Creditors for Bar, Catering & Sports activities 1,633,701 1,145,978

Payable to Staff 195,800 547,413

1,829,501 1,693,391

NOTE - 4

OTHER CURRENT LIABILITIES

Members’ Credit Balances 1,597,531 1,622,542

Advance Subscriptions 619,584 699,250

Statutory Liabilities 4,410,602 2,731,744

Other Liabilities 26,415,431 22,369,754

33,043,148 27,423,290

NOTE - 5

SHORT TERM PROVISION FOR LEAVE


Add : Provision during the year 1,072,618 770,252

3,234,566 2,768,996

Less : Leave encashed during the year 682,339 607,048

2,552,227 2,161,948




Year ended 31.03.2020Amount / `

NOTE - 7

NON CURRENT INVESTMENTS (AT COST) In Tax Free (Secured, Redeemable, Non-Convertible) Bond

8.55% 14700 nos of IIFC Bond @ `1000/- each 14,700,000 14,700,000

8.63% 15000 nos of IRFC Bond @ ` 1000/- each 15,000,000 15,000,000

106,260,610 29,700,000

NOTE - 8

LONG TERM LOANS AND ADVANCES (Unsecured - Considered Good)

Loans to Staff (HBL) repayable after 12 months 1,306,500 1,615,300

Deposits (Includes ` 13,006/- with Excise) 937,318 909,813

2,243,818 2,525,113NOTE - 9

OTHER NON-CURRENT ASSETS Income Tax Recoverable including TDS 7,945,748 8,483,280

Term Deposit with Banks/Financial Institution with maturity

period more than 12 months from closing date* 142,711,79792,038,700

*(includes ` 11,885,092/-, P. Y. ` 10,192,673/- pledged

with bank for overdraft facilities)

Interest accrued on Term Deposit with Banks/HDFC/Bond

with maturity period more than 12 months from closing date 5,760,37612,257,838

112,242,286 156,955,453NOTE - 10

INVENTORIES

Wines, Cigarettes etc. 6,433,948 3,761,367

Ties, Shirts & Track Suits 159,806 177,482

6,657,607 4,050,794

NOTE - 11

RECEIVABLES FROM MEMBERS / OTHERS (Unsecured-Considered Good)

Outstanding for a period exceeding six months from the date they are due for payment Considered Good

91,405847,409 Considered DoubtfulLess : Provision for Doubtful Debts

- -

847,409 91,405

Other Receivables (includes outstanding other than member ` 18,767,342/- P.Y. ` 9,614,834/-)

25,350,207 14,354,640

14,446,04526,197,616

In Taxable (Secured, Redeemable, Non-Convertibale) Bond

9.56% 10 nos of SBI NCD PERPETUAL @ ` 1,000,000/- each 10,227,480 -

9.45% 40 nos of SBI BD PERPETUAL @ ` 1,000,000/- each 40,514,875 -8.50% 25 nos of SBI BD PERPETUAL Sr-II @ ` 1,000,000/- each 25,818,255 -

485,058485,058

Year ended 31.03.2019Amount / `





NOTE - 12

CASH AND CASH EQUIVALENTS Cash in Hand 109,513 62,775 Cheques in Hand - 31,766 With Scheduled Banks On Current Accounts 100,211 1,290,489 On Saving Accounts 37,705,914 14,750,768 On Term Deposits with maturity period less than 12 months 61,028,694 72,017,408

from closing date 98,944,332 88,153,206

NOTE - 13

SHORT TERM LOANS & ADVANCES (Unsecured - Considered Good) Misc. Receivables 953,018 834,794 Advance to Staff 40,900 167,722 Advance for Expenses 1,090,547 206,972 Loans to Staff (HBL) repayable within 12 months 535,800 495,400

2,620,265 1,704,888 Less : Provision for Doubtful HBL 275,800 275,800

2,344,465 1,429,088

NOTE - 14

OTHER CURRENT ASSETS 5,369,606 7,112,703

Interest accrued on Term Deposits with maturity period less than 12 months from closing date

5,369,606 7,112,703

NOTE - 15

INCOME FROM CLUB ACTIVITIES (A) Subscriptions Permanent Members 10,260,763 9,711,010 NRI Members 1,495,029 1,345,159 Corporate Members 5,180,102 4,769,435

17,279,394 15,825,604 (B) Minimum Billing 1,250,563 1,191,385 (C) Departmental Sales & Other Income Note : 15.1 71,663,369 68,381,929 (D) Sports & Events Note : 15.2 23,359,083 31,971,468 (E) Hall Hire Charges 708,000 840,125 (F) Guest Charges 1,625,352 1,497,377

115,885,761 119,707,888

Admn Charges 343,500 -




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Sports(Amount in `)

NOTE - 15.2Sports / Events

Year Income Expenditure Surplus/(Deficit)General Sports

Rugby 2020 153,694 1,291,096 (1,137,402) 2019 1,264,174 1,232,503 31,671

Cricket 2020 5,735,040 3,262,885 2,472,155 2019 5,577,367 3,814,873 1,762,494

Football 2020 2,892,338 1,881,834 1,010,504 2019 3,096,237 2,420,991 675,246

Hockey 2020 - 80,603 (80,603) 2019 - 116,209 (116,209)

Cycle Polo 2020 4,000 31,134 (27,134) 2019 141,000 106,776 34,224

Tennis 2020 2,001,525 1,580,093 421,432 2019 1,918,690 1,957,295 (38,605)

Other Sports 2020 1,067,560 969,436 98,124 2019 1,395,660 1,213,021 182,639

Sub Total (A)

2020 11,854,157 9,097,081 2,757,076

2019 13,393,128 10,861,668 2,531,460

Professional Sports

Cricket 2020 5,551 350,345 (344,794) 2019 328,580 (328,580)

CFC 2020 44,767 973,485 (928,718) 2019 107,040 230,360 (123,320)

Hockey 2020 - - 2019 428,359 (428,359)

Sub Total (B)

2020 50,318 1,323,830 (1,273,512) 2019 107,040 987,299 (880,259)

Events

Club Events & 2020 11,454,608 9,104,504 2,350,104

Others 2019 18,471,300 11,092,523 7,378,777

Sub Total (C)

2020 11,454,608 9,104,504 2,350,104

2019 18,471,300 11,092,523 7,378,777

TOTAL (A+B+C)

2020 23,359,083 19,525,415 3,833,668

2019 31,971,468 22,941,490 9,029,978

-

- -




NOTE - 16

OTHER INCOME

Interest on Bank/Corporate Deposits (includes TDS of ` 1,466,632/-) 14,928,939 15,721,712

Interest on Tax Free Bond 2,547,803 2,554,897

Interest others (includes TDS of ` 5,170/-) 518,059 285,978

Liabilities no longer required written back 550,814 1,040,295

Misc. Income 380,373 281,149

23,502,898 19,884,031

NOTE - 17

EXPENSES ON CLUB ACTIVITIES

(A) Departmental Costs 15.1 66,243,974 65,110,345

(B) Expenses for Sports & Events 15.2 19,525,415 22,941,490

85,769,389 88,051,835

NOTE - 18

EMPLOYEES’ BENEFIT EXPENSES

Salary & Wages 13,718,509 13,445,963

Staff Welfare Expenses 1,848,850 2,060,140

Retainer Fees 1,350,733 1,139,920

Contribution to Provident & Pension Fund, ESIC,

Gratuity Fund etc. 3,405,206 3,475,365

20,323,298 20,121,388


Interest on Perpetual Bond 4,576,910 -




NOTE - 19

OTHER EXPENSES

Rent, Rates & Taxes 220,804 67,024

Electricity 1,729,671 1,805,431

Repairs & Maintenance 4,735,243 4,930,824

Ground Maintenance 3,905,348 3,446,403

Telephone Charges 221,856 191,034

Postage & Courier 281,046 310,335

Printing & Stationery 934,930 1,247,563

Conveyance 273,522 304,031

Insurance 112,112 66,446

Wages of Security Guard 1,759,273 1,673,230

Legal & Professional Charges 2,322,760 1,166,026

Audit Fees 80,000 80,000

1,977,739General Charges 2,075,387

TOTAL 18,554,304 17,363,734

Add:

Provision for Doubtful Debts

Bad Debts

-

4,358,321

485,058

269,035

Loss on Assets Sold/Discarded 465,140 403,537

19,711,934 22,187,195





20. Incorporation

The Club was registered as a Company under

section 25 of the Companies Act, 1956 on June 5,

2003.

21. Receivable from Members includes amount due

from Committee Members ` 67,136/- ( P. Yr.

`100,429/-) mainly comprising of current dues.

22. Receipts in foreign exchange from members and

others amounted to ` 2,023,029/- (P. Yr. -

` 2,496,600/-) and expenditure in foreign

currencies incurred on account of traveling was

` 623,650/- (P. Yr. - ̀ 376,715/-).

23. The company is registered u/s 12AA of the

Income Tax Act, 1961.

24. Agriculture Income Tax Officer of Amusement

Tax Section under West Bengal Entertainment

and Luxuries (Hotel & Restaurant) Tax Act, 1972

had raised demand of Luxury Tax amounting to

` 682,658/- including interest for the year 2009-10

to 2017-18 against which the Club has initiated

proceedings before the Hon'ble West Bengal

Taxation Tribunal Salt Lake, Kolkata. However,

provision for the aforesaid disputed liability has

been made in the accounts.

25. (a) Service tax authorities assessed the club as

Mandap Keeper and raised demand for service

tax for the year 2008-09 to 2011-12 amounting to

` 637,535/- (plus equivalent penalty and interest)

under section 73(2), 78 & 75 of the Finance Act,

1994 which the club has disputed based on some

favourable High Court decisions in respect of

other clubs and filed an appeal with pre-deposit

of ` 79,387/- before the CESTAT, Kolkata.

However, provision for this disputed liability has

been made in the accounts.

Contingent Liabilities for Service Tax

25. (b) The Club received a show cause cum demand

notice consequent to a service tax audit carried

out by CGST & CX authority for the period 2012-

13 to 2016-17 dated 20th August , 2018

demanding a total amount ` 15,334,966/- (plus

equivalent penalty and interest) alleging short

payment of service tax, availment of irregular

cenvat credit on common services etc invoking

section 73(1) of the Finance Act, 1994 read with

section 174(2)(e) of CGST Act, 2017 and Rule 14 of

Cenvat Credit Rules 2004.

The Club replied to the show cause cum demand notice issued by the Additional Commissioner Kolkata South CGST & CX. The Additional Commissioner vide his order dated 14th March, 2019 has partially accepted the submissions made by the club resulting in a significant reduction of the demand by an amount of ` 7,002,748/-. but upheld the balance amount demanded. Subsequently the Club filed an appeal before Commissioner CGST & CX (Appeal - 1), Kolkata against the said order of the Additional Commissioner Kolkata South CGST & CX, Kolkata dated 14th March, 2019 with a pre-deposit of ` 624,917/- made as a condition for preferring the appeal.

The club is reasonably confident based on legal/expert advice that the said demand for service tax, interest and penalty is not legal or payable. Consequently, no provision has been made in respect of the balance demand of ` 8,332,218/- (plus interest and equivalent penalty) (Prev Yr. ` Nil). In any unforeseen eventuality, the Club has a contingent liability provision of Rs.50 lakh.

Capital Commitment

26. Estimated value of contract remaining to be executed on Capital Account (net of advances) and not provided for - ̀ Nil (PY- ̀ Nil).





Guneet S Grewal

Member - Ground

Amt/` Amt/` 2018-192019-20

(i) Salary including welfare expenses 32,345,95432,917,337

(ii) Electricity 4,237,0374,059,239

29. Details of Repair & Maintenance

Amt/` Amt/` 2018-192019-20

(i) Building 1,382,170702,446

(ii) Plant & Machinery 353,649470,000

(iii) Others 3,195,0053,562,797

4,930,8244,735,243

30. Previous year’s figures have been rearranged or

regrouped wherever considered necessary.

27. Electricity expenses relating to the different departments, sports and ground has been allocated based on estimated consumption during the year.

28. Expenditure incurred during the year before allocation to the departments etc under the following heads are as below:

Dinyar Mucadum

President




Membership strength Membership strength

as on 31st March 2019as on 31st March 2020

(in Numbers) (in Numbers)

PERMANENT MEMBERS

Ordinary Members 1476

Senior Members 264

Life Members 15

NRI Members 37

SPECIAL CATEGORY MEMBERS

Honorary Members 127

Sports Members 20

Corporate Nominee Members (Corporate Companies 86) 252(P.Y. Corporate Companies 67)

TEMPORARY MEMBERS

Casual Temporary Members 3

Extended Temporary Members 7

The Committee regrets to announce the sad demise

of the following members during the year :

71 Members (previous year - 79) in various categories were taken during the year.

MEMBERSHIP

1437

254

28

36

111

17

239

3

6

36

Mr. Brij Mohan Khaitan

Mr. Anirvan Saha

Mr. Navin Malhotra

Mr. Kuldip Singh Shurana

Mr. Nandan Kumar Chaudhuri

Mr. Ram Ray

Mr. Ajoy Bose

Mr. Vidya Chawla

Mrs. Nirmala Peacock

Mr. Rajesh Khaitan

Mr. Subrata Bhowmick

Mr. Abhijit Partronobis

Mr. Srikanta Saha

Mr. Biraj Kumar Dutta

Mr. Ashwani Kapur


Cricket

Prakash Bhandari

R. Surendra Nath (Late)

Sunil Gavaskar (Life

Member)

Ashok Gandotra

Subrata Guha (Late)

Dilip Doshi

Arun Lal

Saradindu Mukherjee

Pronab Roy

Subrata Banerjee

Saurav Ganguly (Hony.)

Devang Gandhi

Manoj Tewari

Ronodeb Bose

Hockey

Keshav Datt

Leslie Claudius (Late)

Gurbux Singh

Vece Paes

Anand Mandapaka

Football

Chuni Goswami

Shyam Thapa

Sunil Bhattacharya (Laltu)

Pradip Chowdhury

Santo Jyoti Mitra (Late)

Subhas Bhowmick

Pronab Ganguly

Bhaichung Bhutia

Tennis

Leander Paes

Enrico Piperno

Chiradip Mukherjee

Bridge

Bharati Dey

Badminton

Anil Sondhi

Squash

Saurav Ghosal

CLUB MEMBERS WHO HAVE REPRESENTEDTHE COUNTRY IN VARIOUS MAJORSPORTING DISCIPLINES :

MEMBERS/DEPENDANTS WHO HAVE EXCELLED IN VARIOUS SPORTING DISCIPLINES:


1057.33

` in Lacs

2012-

2013

2013-

2014

2014-

2015

2015-

2016

2016-

2017

2017-

2018

2018-

2019

2019-

2020

` in Lacs

1500

1400

1300

1200

1100

1000

900

800

700

600

500

400

300

200

100

0

1393.89

TOTAL INCOME

TOTAL EXPENDITURE

834.57

964.02991.32

1188.58 1189.40

1395.92

38

2012-

2013

2013-

2014

2014-

2015

2015-

2016

2016-

2017

2017-

2018

2018-

2019

2019-

2020

1252.50

800.49

899.34969.69

1022.60

1152.64

1500

1400

1300

1200

1100

1000

900

800

700

600

500

400

300

200

100

0

1342.59 1332.26


` in Lacs

` in Lacs

TOTAL INVESTMENT including Bank FD

INCOME FROM INVESTMENT including interest on Bank FD

39

2012-

2013

2013-

2014

2014-

2015

2015-

2016

2016-

2017

2017-

2018

2018-

2019

2019-

2020

1925.65

1403.541468.05

1727.39

1123.82

2067.43

2600

2400

2200

2000

1800

1600

1400

1200

1000

800

600

400

200

0

2444.292593.29

2016-

2017

2012-

2013

2013-

2014

2014-

2015

2015-

2016

2017-

2018

2018-

2019

2019-

2020

182.77

108.68

127.67

148.69

164.95

129.94

169.95

220.542302202102001901801701601501401301201101009080706050403020100


LIFE MEMBERS

R.A.W. THOMAS

SUNIL GAVASKAR

K. C. DATT

G. K. JAUHAR

R. DATTA

A. K. DUTT

S. M. OSMAN

S. R. DUTT

PRODOSH K. SEN

P. K. SEN

VECE PAES

M. J. Z. MOWLA

ARABINDA BOSE

UTPAL KUMAR GANGULI

DALJIT SINGH


Gymnasium

Kitchen Synthetic Practice Turf

Secretary Office

INFRASTRUCTURE DEVELOPMENT

general committee 2019-2020 - since 1792

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