General Committee 2019-2020

DINYAR MUCADUM PRESIDENT

BITTY ALEXANDER SANJIB BARBORA VICE PRESIDENT HONY TREASURER

HIRAK DASGUPTA AMITAVA DATTA SANAYA MEHTA VYAS VIKRAM JAIRATH SURENDRAN MENON MEMBER - BAR MEMBER - HOUSE MEMBER - ENTERTAINMENT MEMBER - CATERING MEMBER - RELATIONS & COMMUNICATIONS

GAURAB GHOSH GUNEET S GREWAL PARITOSH SINHA SAURAV CHATTERJEE ARUN DHARIWAL MEMBER - GYM, CFC, SWIMMING MEMBER -GROUND MEMBER - LEGAL SPORTS COORDINATOR MEMBER - SPONSORSHIP POOL & SPECIAL PROJECTS TILL DEC 2019

COL. SHIBASHIS BANERJEE (RETD) SECRETARY Contents Seventeenth Annual Report 2019-2020

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 sporting disciplines 37

Total Income - Graph 38

Total Expenditure - Graph 38

Total Investment - Graph 39

Income from Investment - Graph 39

Life Members 40 President Captains of the Season Mr. Dinyar Mucadum Cricket Mr. Wasim Aziz Vice - President Football Mr. Bitty Alexander Mr. Jeh Williamson Honorary Treasurer Hockey Mr. Cyril Bruce Lindsay Mr. Sanjib Barbora Rugby General Committee Mr. Rohit Jacob Mr.Amitava Datta Tennis Mr. Hirak Dasgupta Mr. Shantanu Tewary Cycle Polo Mr. Vikram Jairath Mr. Deepak Lal Ms. Sanaya Mehta Vyas Swimming Mr. Saurav Chatterjee Mr. Suhel Niyogi Mr. Guneet S Grewal Gym Mr. Surendran Menon Ms. Ayushi Agarwal Mr. Gaurab Ghosh Bridge Mr. A. K. Bose Mr. Paritosh Sinha Squash Mr. Arun Kr. Dhariwal Mr. Tanweer Ahmed Balloting Committee Golf Dr. Pronab Dasgupta Mr. Savindar Singh Badminton Capt. Arnab Sen Mr. Chittapriyo Bose Mr. Arabinda Bose Table Tennis Mr. Shekhar Niyogi Mr. Shekhar Niyogi Mr. Subrata Das Darts Mr. Deepankar Nandi Mr. Kaushik Padhi

Bankers : Registered Office : Auditors :

Yes Bank CALCUTTA CRICKET & FOOTBALL CLUB P. C. Boral & Co. State Bank of India Chartered Accountants HDFC Bank 19/1, Gurusaday Road, Ballygunge, Kolkata - 700 019 Bandhan Bank CIN No. U92412WB2003GAP096325 Firm Reg No : 304080E Syndicate Bank Axis Bank

Annual Report 2019-2020 05 Calcua Cricket & Football Club CIN : U92412WB2003GAP096325 19/1, Gurusaday Road, Kolkata - 700 019 Phone : 2461-5060 / 5204, Fax : 2461-5058 E-mail : [email protected]

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.

19/1, Gurusaday Road,



By order of the General Committee Kolkata - 700 019




Col. Shibashis Banerjee (Retd) 21st November, 2020.




Secretary

Annual General Meeting 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.

06 Annual Report 2019-2020

Calcua Cricket & Football Club CIN : U92412WB2003GAP096325 19/1, Gurusaday Road, Kolkata - 700 019 Phone : 2461-5060 / 5204, Fax : 2461-5058 E-mail : [email protected]

NOTES 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.

Annual Report 2019-2020 07 NOTE FOR REMOTE E-VOTING

1. E-Voting will be eligible to only members who cast by the Member by e-voting, he/she shall not have Registered their E-mail IDs with the Club. be allowed to change it subsequently. The facility The Club requests members who have not for voting shall also be made available during the registered their E-mail IDs to do so at the earliest. AGM through Video Conferencing (VC) or Other Audio Visual Means (OAVM) and Members 2. Nomination for the post of President, Vice- participating in the meeting who have not cast President and the Committee Members shall be their vote by remote e-voting prior to the meeting received by 12th Dec 2020 till 5.00 PM. The last shall be able to exercise their right to e-vote at the date for withdrawal of the nomination shall be on meeting. The members who have cast their vote 19th Dec 2020 by 5.00 PM. Final list of the by remote e-voting prior to the meeting may also candidates offering themselves to each of the attend the meeting but shall not be entitled to cast above posts shall be displayed on the Notice their vote again. Members who have not received Board of the Club on 21st December 2020. the Annual Report may either download it from our e-voting service provider's website 3. Members are required to cast their electronic vote www.evotingindia.com. Or from the Club personally. Members who have paid the Club website. In case of any queries/grievances bills till the month of Oct 2020 only shall be pertaining to e-voting, please visit Help & FAQs eligible to cast their vote on the business stated in 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 this notice. The last date for effecting payment is www.evotingindia.com or send an email to fixed at 5 pm 19th December 2020 by cash/credit [email protected]. card at the office, to enable the Club to draw list of members eligible to vote and send data to CDSL Instructions for e-voting: for uploading in their E-voting system. Payment by cheque to be made by 17th of December 2020. 1. Members are requested to log on to the e-voting Vote cast by a Member who fails to effect website www.evotingindia.com. payment by the said date will be rejected. 2. Please click on Shareholders / Members 4. In compliance with Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies 3. Please enter your user ID provided by CDSL (Management and Administration) Rules 2014, the Club is pleased to provide Members with the 4. Please enter the image verification (Captcha) as facility to cast their votes through remote e- displayed and click on Log-in voting with services provided by Central Depository Services (India) Limited (CDSL). 5. Please enter the “Sequence Number-1” in the “PAN” field 5. The business may be transacted through such voting on all resolutions set forth in the Notice of 6. Please enter the “Sequence Number-2” again in the “Bank Details” field the Annual General Meeting (AGM). The e- voting period shall commence on Friday, 25th 7. Please click on the “Submit” tab to get to the Club December 2020 at 9.00 a.m. (IST) and end on selection screen Sunday, 27th December 2020 at 5.00 p.m. (IST) after which e-voting shall not be allowed. The e- 8. Please click on the EVSN (Electronic Voting voting module will be disabled by CDSL for Sequence Number) of Calcutta Cricket and voting thereafter. Once the vote on a resolution is 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 : 16. The results of the voting along with the President, Vice President, Committee Members Scrutinizer's Report shall be uploaded on the and Balloting members. CDSL's website www.evotingindia.com and also placed on the Notice Board of the Club. 9. On the voting page, you will see “RESOLUTION DESCRIPTION” and against the same, the INSTRUCTIONS FOR MEMBERS ATTENDING option “YES / NO” for voting. Please select the THE AGM THROUGH VC/OAVM ARE AS UNDER: option YES or No as desired. The option YES implies that you assent the Resolution and 1. Members will be provided with a facility to option NO implies that you dissent to the attend the AGM through VC/OAVM through Resolution. the CDSL e-Voting system. Members may access the same at https://www.evotingindia.com 10. In case you wish to view the entire Resolution under shareholders/members login by using the details, please click on the “RESOLUTIONS FILE remote e-voting credentials. The link for LINK” VC/OAVM will be available in shareholder/ members login where the EVSN of Company will 11. After selecting the resolution, you have decided be displayed. to vote on, please click on “SUBMIT”. A confirmation box will be displayed. If you wish 2. Members are encouraged to join the Meeting to confirm your vote, please click on “OK”, else to through Laptops / IPads for better experience. change your vote, please click on “CANCEL” and accordingly modify your vote. 3. Further Members will be required to allow Camera and use Internet with a good speed to 12. Once you “CONFIRM” your vote on the avoid any disturbance during the meeting. resolution, you will not be allowed to modify your vote. 4. Please note that Participants Connecting from Mobile Devices or Tablets or through Laptop 13. Members can also take a print of the votes cast by connecting via Mobile Hotspot may experience clicking on “CLICK HERE TO PRINT” option on Audio/Video loss due to Fluctuation in their the voting page. respective network. It is therefore recommended to use Stable Wi-Fi or LAN Connection to 14. Members can also cast their vote using CDSL's mitigate any kind of aforesaid glitches. mobile app m-Voting available for android based mobiles. The m-Voting app can be downloaded 5. Members who would like to express their from Google Play Store. Apple and Windows views/ask questions during the meeting may phone users can download the app from the App register themselves as a speaker by sending their Store and Windows Phone Store respectively. request along with their questions if any, in Please follow the instructions as prompted by the advance latest by 21st December, 2020, mobile app while voting on your mobile. mentioning their name, membership number, email id, mobile number at ccfcsecretary@ 15. Mr. J P Khaitan, has been appointed by the ccfc1792.com. The members who do not wish to General Committee to function as Scrutinizer for speak during the AGM but are having some scrutinizing the process of remote e-voting and e- queries may also send their queries in advance by voting during the AGM to ensure that the voting 21st December 2020 mentioning their name, process is conducted in accordance with the membership number, email id, mobile number at provisions of law. [email protected]. These queries will

Annual Report 2019-2020 09 NOTE FOR REMOTE E-VOTING (Contd...)

be replied to by the Club either during the AGM invalid as the facility of e-voting during the or by email in due course. meeting is available only to the Members attending the meeting. 6. Those members who have registered themselves as a speaker will only be allowed to express their 4. Members who have voted through remote e- views/ask questions during the meeting. The Voting will be eligible to attend the AGM. Club reserves the right to restrict the number of However, they will not be eligible to vote at the speakers depending on the availability of time EGM/AGM. for the AGM. In view of the time factor and the constraint thereof, each speaker is requested to In case Members have any queries or issues express his / her views in 2- 3 minutes. regarding attending AGM & e-Voting from the E- Voting System, you may refer the Frequently INSTRUCTIONS FOR MEMBERS FOR E-VOTING Asked Questions (“FAQs”) and e-voting manual DURING THE AGM ARE AS UNDER: 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 1. The procedure for e-Voting on the day of the AGM will be the same as the per the instructions [email protected] or contact Mr. mentioned above for remote e-voting. Nitin Kunder (022-2305 8738 ) or Mr. Mehboob Lakhani (022-2305 8543) or Mr. Rakesh Dalvi 2. Only those Members, who are present in the (022-2305 8542) or Mr. Arghya Majumder (M: AGM through VC/OAVM facility and have not 90739 80266). casted their vote on the Resolutions through remote e-Voting and are otherwise not barred All grievances connected with the facility for from doing so, shall be eligible to vote through e- voting by electronic means may be addressed to Voting system available during the AGM. Mr. Rakesh Dalvi, Manager, (CDSL) Central Depository Services (India) Limited, A Wing, 3. If any Votes are cast by the Members through the 25th Floor, Marathon Futurex, Mafatlal Mill e-voting available during the AGM and if the Compounds, N M Joshi Marg, Lower Parel same Members have not participated in the (East), Mumbai - 400013 or by sending an email to meeting through VC/OAVM facility, then the [email protected] or call on votes cast by such Members shall be considered 022-2305 8542/43.

10 Annual Report 2019-2020 REPORT OF THE GENERAL COMMITTEE FOR THE YEAR ENDED 31ST MARCH, 2020

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.

(` in Lacs)

FINANCIAL RESULTS 2019-20 2018-19 Amt/` Amt/` Income for the year (excluding Interest Income) 1226.17 1227.28 Less : Expenditure (excluding Depreciation & before transfer of fund) 1258.05 1303.60 Surplus/(Deficit) before depreciation & transfer to Asset fund (31.88) (76.32) Less : Depreciation 39.22 38.98 Surplus /(Deficit) after depreciation & before transfer to Asset fund (71.10) (115.30)

Amount transferred to Asset Funds 93.00 17.00

Surplus/(Deficit) after depreciation & transfer to Asset fund (164.10) (132.30)

Add: Interest Income 225.72 185.63 Net Surplus / (Deficit) for the Year 61.62 53.33

The Club's financial results for 2019-20 improved Investments & Fixed Deposits as at 31.3.2020 increased significantly compared to the previous year as by ` 148.99 lacs to ` 2593.28 lacs against ` 2444.29 lacs in operating deficit improved to ` (31.88) lacs from ` the previous year. (76.32). Receivables from Members/others as at 31.3.2020 The Income & Expenditure account of the Club shows a increased to ` 261.98 lacs from ` 144.46 lacs in the healthy surplus of ` 61.62 lacs against ` 53.33 lacs in the previous year. Receivables as on 31.3.2020 increased previous year. This surplus was achieved after creating mainly due to corporate entrance fees and sponsorship a sports infrastructure fund of ` 64.00 lacs (previous bills raised at the end of the year. Collection from year ` Nil) and transferring of ` 29.00 lacs (previous year members/others have also been significantly impacted ` 17.00 lacs) to Asset Fund to undertake various due to closure of Club due to the covid-19 pandemic. infrastructure development work for creating sports & other facilities. Reserves and Surplus of the Club as on 31.03.2020 increased to ` 3600.01 lacs from ` 3100.68 lacs in the Gross Income (excluding interest) was ` 1226.17 against previous year. This was due to receipts of Entrance fees gross Income of ` 1227.28 lacs last year. Due to better from Permanent /others members of ` 142.47 lacs control on expenses, gross expenditure (excluding (` 270.82 lacs previous year), Corporate members of depreciation & transfer to fixed assets, sports ` 220.00 lacs (` 200.00 lacs previous year), accretion to infrastructure fund) was ` 1258.05 a reasonably fixed assets fund of ` 29.00 lacs (` 17.00 lacs previous decrease of 3.49% over previous year's amount of year), Sports infrastructure fund of ` 64.00 lacs ` 1303.60 lacs. (previous yr. nil)

Annual Report 2019-2020 11 REPORT OF THE GENERAL COMMITTEE (Contd...) FOR THE YEAR ENDED 31ST MARCH, 2020

INCOME During financial year 2019-20, fifteen (15) meetings of your Committee Members were held and they were Gross Income including interest & before transfer to attended by most Members of your Committee. fixed assets fund increased robustly by ` 38.98 lacs from the previous year by efficiently managing club affairs COMMITTEE'S RESPONSIBILITY STATEMENT even after suspension of club operation from 23rd March, 2020 to 31st March, 2020 under covid-19 The Committee acknowledges the responsibility for pandemic environment. ensuring compliance with the provisions of section Surplus from Sports & Events was ` 38.34 lacs against 134(3) (c) read with 134(5) of the Companies Act, 2013 surplus of ` 90.30 lacs last year. This was mainly due to and state that: the creation of sports infrastructure fund and reallocation of income from sponsorship to the Asset a) In the preparation of Annual Accounts, the Fund. Sports activities achieved a surplus of ` 14.84 lacs applicable accounting standards have been compared to ` 16.51 lacs last year. followed along with proper explanation relating to material departures, if any Departmental Surplus appreciably increased to ` 54.19 lacs against a surplus of ` 32.72 lacs last year. Surplus b) The Committee had selected such accounting ` from Bar increased to 56.24 lacs from a surplus of policies and applied them consistently and made ` 27.32 lacs last year mainly due to a higher sales, judgments and estimates that are reasonable and increase in sponsorship and special cash discounts prudent so as to give true and fair view of the received at year end. state of affairs of the club at the end of the Catering surplus decreased to ` 10.60 lacs from ` 17.74 financial year and of the surplus of the club for lacs last year. This was mainly due to the increase in cost that period, of raw materials. There had been no price increase in club kitchen food items for more than last year. c) The Committee had taken proper and sufficient care for the maintenance of adequate accounting Interest Income for the year increased to ` 225.72 lacs records in accordance with the provisions of this against ` 185.63 lacs in the previous year due to Act for safeguarding the assets of the club and for judicious investment in SBI perpetual bond & fixed preventing and detecting fraud and other deposits. irregularities, EXPENSES d) The Committee had prepared the Annual Gross expenses reduced significantly with better Accounts on a going concern basis. enforcement of internal control and strict monitoring of cost control. The Club has been able to reduce total e) The Committee has devised proper systems to Expenses (before transfer to sports infrastructure fund) ensure compliance with the provisions of all by ` 10.55 lacs from ` 1303.60 lacs in the previous year to applicable laws and that such systems are ` 1293.05 lacs in the current year. adequate and operating effectively. However, preparation of internal control manual, OTHERS considering the essential components of internal control stated in the Guidance Note on Audit of As at 31st March 2020 the club had gross Fixed Assets of Internal Financial Controls over Financial ` 853.16 lacs, which included net additions of ` 39.28 Reporting issued by the Institute of Chartered lacs during the year. Accountant of India is in progress.

12 Annual Report 2019-2020 REPORT OF THE GENERAL COMMITTEE (Contd...) FOR THE YEAR ENDED 31ST MARCH, 2020

Loans Guarantees & Investments 1. Proceeding initiated by M/s. Info Base Services Pvt. Ltd. The said proceeding is pending. There are no loans, guarantees or investments u/s 186 of the Companies Act, 2013. 2. Proceeding initiated by Mr. Daniel Ghaznavi. The said proceeding is pending. Your Club has neither given guarantees to nor made investments in related parties during the financial year 3. Proceeding initiated by Mr. Karan Grewal. The hence the requirement of Form AOC-2 has been said proceeding is pending. dispensed with. Committee Members Significant and material order All Committee Members shall retire at the Annual There are no significant and material orders passed by General Meeting as per Articles of Association of the the regulator or Courts or tribunals impacting the going Club. concern status and club's operation in future Statutory Auditor's Report and their Re-appointment  Information pursuant to Section 134(3) of the Companies Act, 2013 Report of the Auditors, including references made  Your Company is a Members' Club which is therein to the Notes forming part of the Statement of providing services to its members. Hence, Accounts, are self explanatory. provisions relating to conservation of energy and technology absorption are not applicable. M/s. P. C. Boral & Co. Chartered Accountants, retires at Particulars of foreign exchange earnings and the conclusion of ensuing Annual General Meeting and outgo are given in Notes forming part of audited are eligible for re-appointment under section 139 of the financial statement. Companies Act, 2013. They have given their written consent for reappointment and provided the certificate Internal Control required under Section 139 of the Companies Act, 2013.

Policies and system for internal control including Following the provisions of Section 139 of the Act, their financial and Risk Managment continued to be appointment as Auditors of your Company is required adequate and commensurate with size and level of to be ratified at ensuing Annual General Meeting: operations of your Club. Disclosure about Employees Pursuant to section 135 of Companies Act, 2013, Corporate Social Responsibility is not applicable to the Disclosure of requisite information of Rule 5(2) of the club. Companies (Appointment and Remuneration of Disclosure on sexual harassment Managerial Personnel) Rules, 2014 is not applicable

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

Legal Matters Cricket Season 2019-20 started off with Mr. Wasim Aziz being nominated as the section Captain, Mr. Mainak During the current financial year, the club has defended Choudhury Vice Captain and 3 Secretaries (Mr. Gagan the following legal proceedings served on the club: Arora, Mr. Abhishek Deb and Mr. Zafar Aziz Khan).

Annual Report 2019-2020 13 REPORT OF THE GENERAL COMMITTEE (Contd...) FOR THE YEAR ENDED 31ST MARCH, 2020

The cricket section appointed Mr. Jeet Banerjee as C Our League Pro Team performed fairly well this year Team Captain and Mr. Aman Sondhi as B Team Captain. and had made it to the 2nd round of the 45 over CAB tournament. However due to the Pandemic and The season started with the traditional President's vs declaration of lockdown the CAB League and Knockout Vice President's XI on the 30th of Nov, 2020. could not be completed.

This year special emphasis and efforts were made in After many years the club was awarded 2 Ranji Trophy inviting social clubs, Police and Army teams to matches by CAB and we played host to Mizoram vs Goa maintain and ensure cordial relations especially with and Mizoram vs. Nagaland. the Police and Army. Special thanks to the ground member and the ground Two of our Sports Members have been converted to staff who made this possible and ensured that the permanent members (Mr. Ishanjit Ghosh and Mr. O P ground was prepared and certified by the All India Tiwari). BCCI curator as fit for Ranji trophy matches. In our efforts for better upkeep of our grounds we have The current wicket-keeper of the Indian team recently purchased two motorised Lawn mowers Wriddhiman Saha was made an honorary member of similar to the ones used at the Eden Gardens. the Club. We hope that CAB will continue to award Ranji trophy The Section successfully continued the 2nd edition of matches on our ground. the T10 Cricket Franchise League in which there were The Cement Practice pitch has been recently replaced by almost 100 participants. The event was a grand success. a Synthetic Cricket practice turf. The event got all members thoroughly enjoying no matter what age group came together leaving aside FOOTBALL differences and playing competitive cricket. Breaking tradition this year in order to accommodate a A special thanks to Mr. Saurav Chatterjee, Mr. Abhishek new addition to the section the season kicked off on the Deb, Mr. Gagan Arora and Mr. Zafar Aziz Khan. With 20th of April 2019 as opposed to the 1st of May with the the introduction of T10 the cricket section has Presidents vs. Vice Presidents XI. contributed additional revenue for the club in terms of sponsorship and other income. This year the Section introduced the first ever SOCCER Post this tournament the section organised the 7s PREMIER LEAGUE which turned out to be a huge traditional Merchants Cup in which 57 corporates success bringing all the members and some invitees participated. With the Covid -19 looming from behind from other clubs as guest players together to battle it out the section was luckily able to complete the tournament on the field. The section hosted a total of 8 franchise before the Lockdown had been declared. Special thanks teams. The tournament went on for scintillating 2 weeks to the section bearers who ensured it was completed in and in the end it was Saugata Nandi's team XMEN who time. were the victors and Jeet Ganguly' s team SHELLYS SUPERSTARS as runners up. Special thanks to Sourav This season the Section visited Bangkok with two teams Chatterjee (who came up with the concept of the in the month of January 2020. CC&FC played a tournament), Bradley Williams, Divyak Doshi, Anuj traditional Interport game versus RBSC and emerged as Kichlu, Nirmalya Karmakar, Aaron Redden and winner. Abhikshek Deb and last but not the least Mainak Choudhury whose constant efforts put together ensured a successful tournament.

14 Annual Report 2019-2020 REPORT OF THE GENERAL COMMITTEE (Contd...) FOR THE YEAR ENDED 31ST MARCH, 2020

Following the franchise league was the well renowned In August 2019 the section held the 3rd Darts Super TELEGRAPH MERCHANTS CUP 5 A SIDE which League which turned out to be the biggest Darts Intra- hosted 60 odd teams. The corporate footmen fought it Club event ever held in the club. The 3rd edition had a out for a month long spell and eventually all teams record 80 players playing for 10 teams. Team ROXTON failing to beat the illustrious HSBC BANK, emerging owned by Sneha Agarwal and captained by Clinton the victors for the 2019 edition. A special thanks to the Khanna won the tournament. entire football section and the grounds men who came together and helped in organizing one the best Our CC&FC Darts team won the 1st CSC INTER CLUB - corporate tournaments in town. 2019 Tournament which was held at The Calcutta Swimming Club. Jaqueline Khanna won the Player of The Soccer 11-a-side season kicked off a week later. This the Tournament for her outstanding performance. year was extremely memorable as the section organized some renowned opponent teams from the likes of In the month of November, 2019, CC&FC organised and BANGALORE FC, EAST BENGAL FC, ATHLETICO held the 2nd WEST BENGAL INTER CLUB DE KOLKATA, MIXED INTERNATIONALS and the TOURNAMENT in our Pool Pub. CC&FC won this ARMY XI, amongst numerous other strong teams. The tournament by beating BRC convincingly in the finals. CC&FC team played their hearts out and had great results against all of them. A special mention must be Unfortunately, all plans for future tournaments were made to our young up and coming players and to disrupted by the pandemic. encourage them to continue in the spirit that they have played during the season. The section inducted two TABLE TENNIS new sports members, Brandon Murray and Duane Andrews. Table Tennis, although not a mainstream sport at the club, has a devoted and die-hard following, extremely The Whites (Veterans) and the Blues who was renamed enthusiastic in their participation in the sport. In the the Greys this year also had many games of tough immediately preceding years, our Intra-Club competition and fun at the same time. tournaments have seen huge participation, often exceeding 50 plus participants battling it out, across all Another addition this year was the kids coaching camp age groups. However, this year due to the absence of the run by the EX INTERNATIONAL ALVITO DE Shamiana structure, which housed the table tennis CUNHA. The camp was started on very short notice tables and playing arena, the section was unable to hold and in spite of this there was a good turnout of around an Intra Club tournament. 30 children enrolling and enjoying the expert training and super facilities by the club. In future awareness will This did not really dampen all of the enthusiasm or be further spread well in advance hoping to involve activity as the team participated in tournaments hosted more kids and more age groups to inspire more talent by other clubs and organizations and fared creditably. and ingrain the nature of sport in kids all over Kolkata. CC&FC participated in the tournament held at Dalhousie Institute in 2019 and the team comprised of DARTS Swaroop Mukerjee, P. Guha Thakurta, Aditya Chirimar, Kushagra Kanoria and Shekhar Niyogi (Captain). The year 2019-2020 has been undoubtedly the best and most successful year for CC&FC Darts after more than a In January 2020, the team was invited to play a 2-day decade thanks to the efforts of the Darts Captain tournament at the Dhanuka Dhunseri Table Tennis Kaushik Padhi and his team. Championship. CC&FC was represented by Prochy

Annual Report 2019-2020 15 REPORT OF THE GENERAL COMMITTEE (Contd...) FOR THE YEAR ENDED 31ST MARCH, 2020

Mehta, Ranabir Das, Aditya Chirimar, Anirudh There would have been more of such diverting and Chirimar and Shekhar Niyogi. Prochy Mehta and challenging events and tourneys had the unforeseen Shekhar Niyogi individually won the Best pandemic not brought the calendar to an abrupt halt. Sportsmanship Awards. GOLF TENNIS Unfortunately, the Golf section could not have most of The Tennis Calendar 2019-2020 has been abuzz with a the annual tournaments, as they normally have since plethora of exciting Fixtures and Activities. these are planned for March/April each year and this year, due to the pandemic, these dates were not The Season commenced in April 2019 with the much- available to us to have both the Chakki Memorial & the awaited Saturday Club Carnival where yet again Halmari Cup, between us and Tollygunge Club and CC&FC became the cynosure of all eyes to kiss the RCGC, respectively. Victory Cup. However, the section did manage to play in the ill-fated The Section hosted a lively Intra-club tourney with Eastern Star Cup at Fort William which was postponed Members turning out in large numbers agog with 3 times due to the heavy rains and was finally played on enthusiasm amongst good - hearted banter and 1st December, 2019. We had 8 of our members bonhomie so typical of our Club spirit. representing us, which was a mix of youth & experience. We finished 4th out of 8 clubs that took part. The Courts were repaired and put back in apple pie SWIMMING order and a state-of-the-art Lights where the Lux levels are possibly the best there can be, have been installed The season was quite a sober one this time. There were that proudly illuminates the Courts. fewer events than normal in the club circuit. End May- Early June a Friendly Tie was played at South We had our star member swimmers shine at various Club & CC&FC respectively (grass & clay) where both levels. Clubs shared the Honours. Tanisha Dhar achieved super success in the Regional In December the Section conducted the Concast Inter- School Games, District Meet as well as national events. Club Tournament that witnessed some of the highest level of the city's Tennis where CC&FC lost in the semi- Zain Ahmed, Srijit Banerjee performed very well at the finals by a narrow margin. La Martiniere inter-mart meet. Taking the school to another historic victory. In January this year CC&FC beat Calcutta Club comprehensively in the Friendly Tie with the latter. A lot of repair work was carried out on the pool including the changing of the Pool LED lights, changing In end February, early March this year the BTA League of Tiles around the pool and improving the drainage Tournament was held where CC&FC performed system. creditably winning the Silver Plate defeating Shyambazar Club. BRIDGE

Before the lockdown the Section enjoyed a wonderful The Club bridge team had a decent year being runners camaraderie winning against The Parsee Club in a up in both the tournaments it participated during the Friendly Tie. year i.e. the Inter Club Sports Carnival & the Monsoon

16 Annual Report 2019-2020 REPORT OF THE GENERAL COMMITTEE (Contd...) FOR THE YEAR ENDED 31ST MARCH, 2020

League. The Intra Club Monthly Pairs tournament held with luck not on their side, losing 2 games by a 2 point on the third Saturday of the month continues to be a margin, and fared runners up in the Plate finals. The popular date in the bridge calendar of the social clubs of CC&FC women's team won the Best Scrum award and the city. Rohit Jacob was awarded the Best Coach during the All India tournament for the women's category. RUGBY Suraj Prasad, once again represented the country in the The 2019 rugby season started with an action packed 15- senior 15’s Asia Rugby Tournament. Suraj Prasad and a-side Calcutta Cup followed by the Centenary Cup, Nizam Ahmed represented Bengal in the State level with CC&FC men's team fighting closely ended games tournament. Sourojit Ghosh, a World Rugby certified and faring 3rd. The women's team was runners up for referee, travelled across Asia to referee in the Asia the Centenary cup final. Rugby Division 1 U19 and Division 3 senior tournaments. Palak Poddar, also a World rugby Georgiadi 7s - The 2 day nonstop 7's Rugby weekend certified official and a member of the Asia women’s action hosted by CC&FC and broadcasted on YouTube Referees committee refereed in the Asia Rugby which was a first time ever, was probably the most Women’s Division 1 7’s tournament. Palak also adrenaline pumping 7s tournament ever had. 19 Men's represented Bengal in the State level tournament. and 8 Women's teams fought for glory, including teams Sanaya Mehta Vyas was also selected as member of the like the Indian Army and the Indian National teams that Asia Rugby Women’s advisory Committee. were finalised for the Asia Rugby Sevens tournament. CC&FC Men's were Cup runners up for the tournament. The General Committee wishes to thank all members and their families for the support extended to the Club. The 86th All India & South Asia Rugby 15's tournament which was hosted by CC&FC was a successful week On behalf of the General Committee 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 Place: Kolkata DINYAR MUCADUM losses against Maharashtra and Odisha reaching the Date: 21st November, 2020 President semi-finals. The men's too fought really close games

Annual Report 2019-2020 17 INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF CALCUTTA CRICKET & FOOTBALL CLUB

Opinion Act, 2013 (“the Act”) with respect to the preparation of these financial statements that give a true and fair view We have audited the accompanying financial of the financial position, financial performance, and cash statements of M/s. Calcutta Cricket & Football Club flows of the Company in accordance with the accounting (“The Company”) which comprises the Balance Sheet principles generally accepted in India, including the as at March 31, 2020, the Statement of Income and accounting Standards specified under section 133 of the Expenditure, and statement of cash flows for the year Act. This responsibility also includes maintenance of then ended, and notes to the financial statements, adequate accounting records in accordance with the including a summary of significant accounting policies provisions of the Act for safeguarding of the assets of the and other explanatory information. Company and for preventing and detecting frauds and In our opinion and to the best of our information and other irregularities; selection and application of according to the explanations given to us, the aforesaid appropriate implementation and maintenance of financial statements give the information required by accounting policies; making judgments and estimates the Act in the manner so required and give a true and that are reasonable and prudent; and design, implemen- fair view in conformity with the accounting principles tation and maintenance of adequate internal financial generally accepted in India, of the state of affairs of the controls, that were operating effectively for ensuring Company as at March 31, 2020, and surplus, and its cash the accuracy and completeness of the accounting flows for the year ended on that date. records, relevant to the preparation and presentation of the financial statement that give a true and fair view and Basis for Opinion are free from material misstatement, whether due to fraud or error. We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section In preparing the financial statements, management is 143(10) of the Companies Act, 2013. Our responsibilities responsible for assessing the Company's ability to under those Standards are further described in the continue as a going concern, disclosing, as applicable, Auditor's Responsibilities for the Audit of the Financial matters related to going concern and using the going Statements section of our report. We are independent of concern basis of accounting unless management either the Company in accordance with the Code of Ethics intends to liquidate the Company or to cease issued by the Institute of Chartered Accountants of India together with the ethical requirements that are operations, or has no realistic alternative but to do so. relevant to our audit of the financial statements under The Committee Members are also responsible for the provisions of the Companies Act, 2013 and the Rules overseeing the company's financial reporting process. thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements Auditor's Responsibility for the Audit of the and the Code of Ethics. We believe that the audit Financial Statements evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free Responsibility of Management for the Financial Statements from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our The Company's Committee Members is responsible for opinion. Reasonable assurance is a high level of the matters stated in section 134(5) of the Companies assurance, but is not a guarantee that an audit

18 Annual Report 2019-2020 INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF CALCUTTA CRICKET & FOOTBALL CLUB

conducted in accordance with SAs will always detect a members is disqualified as on 31st March, material misstatement when it exists. Misstatements 2020 from being appointed as a committee can arise from fraud or error and are considered member in terms of Section 164(2) of the Act. material if, individually or in the aggregate, they could reasonably be expected to influence the economic (f) With respect to the other matters to be decisions of users taken on the basis of these financial included in the Auditor's Report in accordance statements. with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to Report on Other Legal and Regulatory Requirements the best of our information and according to the explanations given to us: 1. As required by Section 143(3) of the Act, we report that: i. The Company has disclosed the impact of pending disputes with statutory (a) We have sought and obtained all the authorities, on its financial position in information and explanations which to the its financial statements - refer note no: best of our knowledge and belief were 24 to 26 to the financial statements. necessary for the purposes of our audit. ii. The Company did not have any long- (b) In our opinion, proper books of account as term contracts including derivative required by law have been kept by the contracts for which there were any Company so far as it appears from our material foreseeable losses. examination of those books. iii. There were no amounts which were (c) The Balance Sheet, the Statement of income required to be transferred to the and expenditure and the Cash Flow Investor Education and Protection Statement dealt with by this Report are in Fund by the Company. 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 for P. C. Boral & Co. (Accounts) Rules, 2014. Chartered Accountants FRN 304080E (e) On the basis of the written representations received from the committee members as on S. K. Boral 31st March, 2020 taken on record by the Place: Kolkata Proprietor General Committee, none of the committee Date: 21st November, 2020 Membership No. 051424 UDIN: 20051424AAAAHR3884

Annual Report 2019-2020 19 BALANCE SHEET AS AT 31ST MARCH, 2020

Note 31.03.2020 31.03.2019 Amount / ` Amount / ` I. EQUITY & LIABILITIES

1. Members' Funds a) Reserves & Surplus 2 360,000,806 310,067,998 2. Current Liabilities a) Payable for Club Activities 3 1,829,501 1,693,391 b) Other Current Liabilities 4 33,043,148 27,423,290 c) Short Term Provisions 5 2,552,227 2,161,948 TOTAL 397,425,682 341,346,627 II. ASSETS 1. Non-Current Assets a) Fixed Assets (i) Tangible Assets 6.1 36,127,315 36,370,670 (ii) Intangible Assets 6.2 237,397 603,555 (iii) Capital work in Progress 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) Receivables from Members/Others 11 26,197,616 14,446,045 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

Dinyar Mucadum Guneet S Grewal President Member - Ground

This is the Balance Sheet referred to in our report of even date. S. K. Boral Proprietor Mem. No. 051424 P. C. Boral & Co. Place : Kolkata Chartered Accountants Date : 21st November, 2020 FRN. No. 304080E UDIN: 20051424AAAAHR3884

20 Annual Report 2019-2020 STATEMENT OF INCOME & EXPENDITURE FOR THE YEAR ENDED 31ST MARCH, 2020

Note Year ended Year ended 31.03.2020 31.03.2019 Amount /` Amount /` INCOME i) Income from Club Activities 15 115,885,761 119,707,888 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 19 19,711,934 22,187,195 Sports Infrastructure Fund 3,500,000 - 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

Dinyar Mucadum Guneet S Grewal President Member - Ground

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

S. K. Boral Proprietor Mem. No. 051424 P. C. Boral & Co. Place : Kolkata Chartered Accountants Date : 21st November, 2020 FRN. No. 304080E UDIN: 20051424AAAAHR3884

Annual Report 2019-2020 21 CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2020

Year ended Year ended 31.03.2020 31.03.2019 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 Investment in Bonds (76,560,610 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.

Dinyar Mucadum Guneet S Grewal President Member - Ground

This is the Cash Flow Statement referred to in our report of even date. S. K. Boral Proprietor Mem. No. 051424 P. C. Boral & Co. Place : Kolkata Chartered Accountants Date : 21st November, 2020 FRN. No. 304080E UDIN: 20051424AAAAHR3884

22 Annual Report 2019-2020 NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2020

1. Accounting Policies exchange prevailing on the date of transaction. Some of the significant accounting policies are summarized below: (vi) Employees Benefits

(i) Basis of Accounting Short term employee benefit (i.e benefit payable within one year) are recognized in The financial statements are prepared in the period in which employee services are accordance with the accounting principles rendered. generally accepted in India. The Club follows the accrual method of accounting The Club contributes to Provident Fund under historical cost convention. and Pension Fund which are now administered by the Regional Provident (ii) Fixed Assets and Depreciation Fund Commissioner, West Bengal and such contributions are recognized as expenses. The Fixed Assets are stated at cost. Cost includes inward freight, duties, taxes and The Club also contributes to the ESI fund and incidental expenses related to acquisition such contribution is recognized as expenses. and installation of fixed assets. The Club has joined the Group Gratuity Depreciation on fixed assets is provided on Scheme of the Life Insurance Corporation straight line method in accordance with of India (LICI) and created a trust as Schedule II to the Companies Act, 2013. required under the scheme. Liability for the However, computer software is fully gratuity is provided and funded on the amortized over a period of three years basis of actuarial valuation by LICI. irrespective of date of addition. Provision for Leave Encashment is being Profit or Loss on disposal / write off of fixed made on non-actuarial basis. assets is recognized in Income and (vii) Revenue Recognition Expenditure Account. Subscription revenue from members is (iii) Investments recognized on an accrual basis.

Investments are stated at cost. Where Sponsorship receipts relating to capital applicable, provision is made when there is expenditure are earmarked to specific Funds. a fall, other than temporary, in valuation of However, w.e.f. 01.04.2010 sponsorship investment. receipts relating to capital expenditure are netted with cost of the asset. Other (iv) Stock sponsorship receipts are credited to the respective revenue accounts. Stock of Wines and other items are valued at cost. Cost is calculated on FIFO basis and (viii) Capital Reserve includes inward freight, duties, taxes. This reserve comprises of two accounts viz. Where necessary, provision is made for Permanent Members and Corporate obsolete, slow-moving and defective Members. All Entrance Fees related to stocks. permanent member are credited to the Permanent Members Account under (v) Foreign Currency Transactions Capital Reserve. Corporate Members' Transactions in foreign currency are Entrance fees are credited to Corporate recorded in Rupees by applying the rate of Member Account under Capital Reserve.

Annual Report 2019-2020 23 NOTES TO THE FINANCIAL STATEMENT (Contd...) FOR THE YEAR ENDED 31ST MARCH, 2020

NOTE - 2 Year ended Year ended RESER VES & SURPLUS 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 Add : Addition during the year 2,900,000 - Add : Transferred from Income & Expenditure Account 3,500,000 -

6,400,000 -

24 Annual Report 2019-2020 NOTES TO THE FINANCIAL STATEMENT (Contd...) FOR THE YEAR ENDED 31ST MARCH, 2020

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 Balance as per last Account 77,014,661 71,681,383 Surplus / (Deficit) for the year 6,162,435 5,333,278 83,177,096 77,014,661 360,000,806 310,067,998

Annual Report 2019-2020 25 NOTES TO THE FINANCIAL STATEMENT (Contd...) FOR THE YEAR ENDED 31ST MARCH, 2020

Year ended Year ended 31.03.2020 31.03.2019 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 Balance as per last Account 2,161,948 1,998,744 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

26 Annual Report 2019-2020 NOTES TO THE FINANCIAL STATEMENT (Contd...) FOR THE YEAR ENDED 31ST MARCH, 2020

Annual Report 2019-2020 27 NOTES TO THE FINANCIAL STATEMENT (Contd...) FOR THE YEAR ENDED 31ST MARCH, 2020

Year ended Year ended 31.03.2020 31.03.2019 Amount / ` Amount / ` 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 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 - 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 2,525,113 NOTE - 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* 92,038,700 142,711,797 *(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 12,257,838 5,760,376 112,242,286 156,955,453 NOTE - 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 847,409 91,405 Considered Doubtful 485,058 - - Less : Provision for Doubtful Debts 485,058 847,409 91,405 Other Receivables 25,350,207 14,354,640 (includes outstanding other than member ` 18,767,342/- 26,197,616 14,446,045 P.Y. ` 9,614,834/-)

28 Annual Report 2019-2020 NOTES TO THE FINANCIAL STATEMENT (Contd...) FOR THE YEAR ENDED 31ST MARCH, 2020

Year ended Year ended 31.03.2020 31.03.2019 Amount / ` Amount / ` 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 Interest accrued on Term Deposits with maturity period less than 12 months from closing date 5,369,606 7,112,703

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 Admn Charges 343,500 - 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

Annual Report 2019-2020 29 N F 30 NOTE - 15.1 OR O

Departmental Surplus / (Deficit) (Amount in `) T THE E Annual Report2019-2020 S T YEAR ENDED31ST

Department Year Consumption Salary & Other Total Sales & Other Surplus / O T Wages Expenses Expenses Income (Deficit) H E F 2020 25,265,451 6,725,539 4,384,091 36,375,081 41,999,395 5,624,314 I

BAR N A 2019 27,444,021 6,034,946 4,343,977 37,822,944 40,555,303 2,732,359 N C MAR I 2020 22,962,039 3,325,558 1,079,812 27,367,409 28,427,694 1,060,285 A CATERING L S

20,705,743 2,894,392 1,196,068 24,796,203 26,570,498 1,774,295 CH, 2020 2019 T A

2020 - 731,780 464,257 1,196,037 632,120 (563,917) T SWIMMING E POOL M 2019 - 672,400 508,072 1,180,472 560,200 (620,272) E N T

2020 - 431,952 873,495 1,305,447 604,160 (701,287) (C

GYMNASIUM o n

2019 - 303,742 1,006,984 1,310,726 695,928 (614,798) t d . . . 2020 48,227,490 11,214,829 6,801,655 66,243,974 71,663,369 5,419,395 ) TOTAL 2019 48,149,764 9,905,480 7,055,101 65,110,345 68,381,929 3,271,584 NOTES TO THE FINANCIAL STATEMENT (Contd...) FOR THE YEAR ENDED 31ST MARCH, 2020

NOTE - 15.2 Sports / Events

Sports (Amount in `) General Sports Year Income Expenditure Surplus/(Deficit) 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 2020 11,854,157 9,097,081 2,757,076 Sub Total (A) 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) 2020 50,318 1,323,830 (1,273,512) Sub Total (B) 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

2020 11,454,608 9,104,504 2,350,104 Sub Total (C) 2019 18,471,300 11,092,523 7,378,777 2020 23,359,083 19,525,415 3,833,668 TOTAL (A+B+C) 2019 31,971,468 22,941,490 9,029,978

Annual Report 2019-2020 31 NOTES TO THE FINANCIAL STATEMENT (Contd...) FOR THE YEAR ENDED 31ST MARCH, 2020

Year ended Year ended 31.03.2020 31.03.2019 Amount / ` Amount / ` 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 on Perpetual Bond 4,576,910 - 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

32 Annual Report 2019-2020 NOTES TO THE FINANCIAL STATEMENT (Contd...) FOR THE YEAR ENDED 31ST MARCH, 2020

Year ended Year ended 31.03.2020 31.03.2019 Amount / ` Amount / ` 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 General Charges 1,977,739 2,075,387 TOTAL 18,554,304 17,363,734 Add: Provision for Doubtful Debts 485,058 - Bad Debts 269,035 4,358,321

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

19,711,934 22,187,195

Annual Report 2019-2020 33 NOTES TO THE FINANCIAL STATEMENT (Contd...) FOR THE YEAR ENDED 31ST MARCH, 2020

20. Incorporation Contingent Liabilities for Service Tax

The Club was registered as a Company under 25. (b) The Club received a show cause cum demand section 25 of the Companies Act, 1956 on June 5, notice consequent to a service tax audit carried 2003. out by CGST & CX authority for the period 2012- 13 to 2016-17 dated 20th August, 2018 21. Receivable from Members includes amount due demanding a total amount ` 15,334,966/- (plus from Committee Members ` 67,136/- ( P. Yr. equivalent penalty and interest) alleging short `100,429/-) mainly comprising of current dues. payment of service tax, availment of irregular cenvat credit on common services etc invoking 22. Receipts in foreign exchange from members and section 73(1) of the Finance Act, 1994 read with others amounted to ` 2,023,029/- (P. Yr. - section 174(2)(e) of CGST Act, 2017 and Rule 14 of ` 2,496,600/-) and expenditure in foreign Cenvat Credit Rules 2004. currencies incurred on account of traveling was ` 623,650/- (P. Yr. - ` 376,715/-). The Club replied to the show cause cum demand notice issued by the Additional Commissioner 23. The company is registered u/s 12AA of the Kolkata South CGST & CX. The Additional Income Tax Act, 1961. Commissioner vide his order dated 14th March, 2019 has partially accepted the submissions made by the club resulting in a significant 24. Agriculture Income Tax Officer of Amusement reduction of the demand by an amount of Tax Section under West Bengal Entertainment ` 7,002,748/-. but upheld the balance amount and Luxuries (Hotel & Restaurant) Tax Act, 1972 demanded. Subsequently the Club filed an had raised demand of Luxury Tax amounting to appeal before Commissioner CGST & CX ` 682,658/- including interest for the year 2009-10 (Appeal - 1), Kolkata against the said order of the to 2017-18 against which the Club has initiated Additional Commissioner Kolkata South CGST proceedings before the Hon'ble West Bengal & CX, Kolkata dated 14th March, 2019 with a pre- Taxation Tribunal Salt Lake, Kolkata. However, deposit of ` 624,917/- made as a condition for provision for the aforesaid disputed liability has preferring the appeal. been made in the accounts. The club is reasonably confident based on legal/expert advice that the said demand for 25. (a) Service tax authorities assessed the club as service tax, interest and penalty is not legal or Mandap Keeper and raised demand for service payable. Consequently, no provision has been

tax for the year 2008-09 to 2011-12 amounting to made in respect of the balance demand of ` 637,535/- (plus equivalent penalty and interest) ` 8,332,218/- (plus interest and equivalent under section 73(2), 78 & 75 of the Finance Act, penalty) (Prev Yr. ` Nil). In any unforeseen 1994 which the club has disputed based on some eventuality, the Club has a contingent liability favourable High Court decisions in respect of provision of Rs.50 lakh. other clubs and filed an appeal with pre-deposit of ` 79,387/- before the CESTAT, Kolkata. Capital Commitment However, provision for this disputed liability has been made in the accounts. 26. Estimated value of contract remaining to be executed on Capital Account (net of advances) and not provided for - ` Nil (PY- ` Nil).

34 Annual Report 2019-2020 NOTES TO THE FINANCIAL STATEMENT (Contd...) FOR THE YEAR ENDED 31ST MARCH, 2020

27. Electricity expenses relating to the different 29. Details of Repair & Maintenance departments, sports and ground has been Amt/` Amt/` allocated based on estimated consumption 2019-20 2018-19 during the year. (i) Building 702,446 1,382,170 28. Expenditure incurred during the year before (ii) Plant & Machinery 470,000 353,649 allocation to the departments etc under the (iii) Others 3,562,797 3,195,005 following heads are as below: 4,735,243 4,930,824 Amt/` Amt/` 30. Previous year’s figures have been rearranged or 2019-20 2018-19 regrouped wherever considered necessary. (i) Salary including welfare expenses 32,917,337 32,345,954 (ii) Electricity 4,059,239 4,237,037

Place : Kolkata Dinyar Mucadum Guneet S Grewal Date : 21st November, 2020 President Member - Ground

Annual Report 2019-2020 35 MEMBERSHIP

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

Membership strength Membership strength as on 31st March 2020 as on 31st March 2019 (in Numbers) (in Numbers) PERMANENT MEMBERS Ordinary Members 1476 1437 Senior Members 264 254 Life Members 15 28 NRI Members 37 36

SPECIAL CATEGORY MEMBERS Honorary Members 127 111 Sports Members 20 17 Corporate Nominee Members (Corporate Companies 86) 252 239 (P.Y. Corporate Companies 67)

TEMPORARY MEMBERS Casual Temporary Members 3 3 Extended Temporary Members 7 6

The Committee regrets to announce the sad demise of the following members during the year :

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

36 Annual Report 2019-2020 CLUB MEMBERS WHO HAVE REPRESENTED THE COUNTRY IN VARIOUS MAJOR SPORTING DISCIPLINES :

Hockey Cricket Tennis Keshav Datt Prakash Bhandari Leander Paes Leslie Claudius (Late) R. Surendra Nath (Late) Enrico Piperno Gurbux Singh Sunil Gavaskar (Life Chiradip Mukherjee Vece Paes Member) Anand Mandapaka Ashok Gandotra Bridge Football Subrata Guha (Late) Bharati Dey Dilip Doshi Chuni Goswami Arun Lal Shyam Thapa Badminton Saradindu Mukherjee Sunil Bhattacharya (Laltu) Anil Sondhi Pronab Roy Pradip Chowdhury Subrata Banerjee Santo Jyoti Mitra (Late) Squash Saurav Ganguly (Hony.) Saurav Ghosal Subhas Bhowmick Devang Gandhi Pronab Ganguly Manoj Tewari Bhaichung Bhutia Ronodeb Bose MEMBERS/DEPENDANTS WHO HAVE EXCELLED IN VARIOUS SPORTING DISCIPLINES:

Annual Report 2019-2020 37 TOTAL INCOME ` in Lacs 1500 1400 1395.92 1393.89 1300 1200 1188.58 1189.40 1100 1057.33 991.32 1000 964.02

900 834.57 800 700 600 500 400 300 200 100 0 2012 2013 2014 2015 2016 2017 2018 2019 ------2013 2014 2015 2016 2017 2018 2019 2020

TOTAL EXPENDITURE ` in Lacs 1500 1400 1342.59 1332.26 1300 1252.50 1200 1152.64

1100 1022.60 1000 969.69 899.34 900 800.49 800 700 600 500 400 300 200 100 0 2012 2013 2014 2015 2016 2017 2018 2019 ------2013 2014 2015 2016 2017 2018 2019 2020

38 Annual Report 2019-2020 TOTAL INVESTMENT including Bank FD ` in Lacs

2593.29 2600 2444.29 2400

2200 2067.43 2000 1925.65 1800 1727.39

1600 1468.05 1403.54 1400 1200 1123.82 1000 800 600 400 200 0 2012 2013 2014 2015 2016 2017 2018 2019 ------2013 2014 2015 2016 2017 2018 2019 2020

INCOME FROM INVESTMENT including interest on Bank FD ` in Lacs 230 220.54 220 210 200 190 182.77 180 169.95 170 164.95 160 148.69 150 140 129.94 130 127.67 120 110 108.68 100 90 80 70 60 50 40 30 20 10 0 2012 2013 2014 2015 2016 2017 2018 2019 ------2013 2014 2015 2016 2017 2018 2019 2020

Annual Report 2019-2020 39 LIFE MEMBERS

R.A.W. THOMAS PRODOSH K. SEN

SUNIL GAVASKAR P. K. SEN

K. C. DATT VECE PAES

G. K. JAUHAR M. J. Z. MOWLA R. DATTA ARABINDA BOSE A. K. DUTT

UTPAL KUMAR GANGULI S. M. OSMAN

S. R. DUTT DALJIT SINGH

40 Annual Report 2019-2020

INFRASTRUCTURE DEVELOPMENT

Secretary Office

Kitchen Synthetic Practice Turf

Gymnasium