Bangalore CluB Report 2010-11.pdfNotice is hereby given under Rule 16.1 of the Bangalore Club Rules...

1Annual Report 2011

Bangalore CluB AnnuAl RepoRt

2010 - 2011

2 Bangalore Club

General Committee Members2010 - 2011

Seated (from left to right)

Maj. General A.K.Pradhan SM | Mr. M K Marattukalam (Vice President) | Mr. Amarnath Kamath (President)

Mrs. Poornima Jairaj | Mr. N Ramji

Standing (from left to right)

Mr.C N Kumar | Dr.Thomas A. Chandy | Mr.T Kengal Murthy

Mr. H.C.Thimmaiah | Mr. R. Ramakrishnan

not in photograph

Air Marshal Dhiraj Kukreja, AVSM, VSM

1Annual Report 2011

General Committee Members2010 - 2011

Club Management

General Committee 2010-2011 (elected on 14th november 2010)President Mr. Amarnath Kamath

Vice President Mr. M.K. Marattukalam

Members

Mr. T. Kengal Murthy

Mr. C.N. Kumar

Mrs. Poornima Jairaj

Mr. N. Ramji

Mr. R. Ramakrishnan

Mr. H.C. Thimmaiah

Dr. Thomas A. Chandy

Air Marshal Dhiraj Kukreja, AVSM, VSM

Maj. Gen. A.K. Pradhan, SM

Members of the Interim Committee (upto 14th november 2010)

Mr. Mushtaq Noorani (President)

Mr. V. Vijayendra Velu

Mr. Anil Haridas

Mr. P. G. Belliappa

Mr. M. C. George

Mr. N. Ravi Vishwanath

Mr. K. N. Shanth Kumar

Mr. M. A. K. Shetty

Secretary Brigadier K. Satheesh (Retd.)

Auditors M/s. S. Viswanathan, Chartered Accountants

Bankers Vijaya Bank | Canara Bank | Syndicate Bank

State Bank of India | State Bank of Mysore | Axis Bank Limited

Office Address Bangalore Club 10, Field Marshal K.M. Cariappa Road (Residency Road), Bangalore - 560 025

Tel +91 80 4022 0001, 6606 0000 Fax +91 80 2227 3605, 2227 3223 e-mail [email protected] Website www.bangaloreclub.com

2 Bangalore Club

Contents

Contents Page

notice of the meeting 3

Sub-committees 5

Membership 10

president’s Report 11

Departmental Reports 12

Key financials 24

Auditor’s Report 29

Balance Sheet 30

Income & expenditure account 31

Schedules 32

obituaries 48

3Annual Report 2011

notice of the Annual General Meeting

Notice is hereby given under Rule 16.1 of the Bangalore Club Rules that the 143rd Annual General Meeting of the Bangalore Club will be held at the “Pavilion” in the Club Premises, on Sunday, 26th June 2011, at 10:30 a.m.

A G E N D A 1. RatificationofMinutesoftheExtraordinaryGeneralMeetingheldon14thNovember2010.

2. To consider and adopt the report of the General Committee, the Audited Balance Sheet and theIncome&ExpenditureAccountfortheyearended31stMarch2011.

3. ToappointAuditorsfortheyear2011-12andtofixtheirremuneration.

4. To consider resolutions, if any, moved by the members, with prior notice of 10 days before the AGM, in accordance with Club Rule 16.3 and the resolutions proposed by the General Committee, if any.

5. To elect a President, a Vice President and 7 Members to the General Committee for the year 2011-12.

By Order of the General Committee

Bangalore Brig. K. Satheesh (Retd.)23rd May 2011 Secretary

NOTES:

(a) Queries, if any, relating to annual accounts, which a member may wish to raise should be sent, in writing, to the Secretary, at least 10 days before the AGM.

(b)MembersarerequestedtobringtheircopyoftheAnnualReportandtheMinutesoftheExtraordinaryGeneral Meeting held on 14th November 2010, for the meeting.

4 Bangalore Club

Brigadier Hill Annual Lecture, by Mr. Gopalkrishnan, Director Tata Sons Ltd.

2011 New year celebrations at the Club

5Annual Report 2011

Sub-committees

list of Sub-committee Members 2010 - 2011

FINANCE

Mr. Amarnath Kamath (A-90) Chairman

Mr. A. Shankar (S-864) Member

Mr. P.V. Jayashankar (J-56) Member

Mr. V. Venkat Subramaniam (V- 163) Member

Mr. B.P. Rao (R-389) Member

Mr. N. Ravi Vishwanath (R-567) Member

HUMAN RESOURCES


Mr. V. Kumar Subramanian (K-240) Member

Mr. G. Prahlad Rao (P-342) Member

Mr. B.P. Rao (R-416) Member

Dr. Rahul Basu (B-138) Member

Mr. U. Kishore Rao (K-182) Member

INFORMATION TECHNOLOGY


Mr. Babu Jayendran (B-257) Member

Mr. G.G. Rajendra Kumar (R-393) Member

Mr. M. Rajagopal (R-485) Member

Dr. Bhaskar R. Harita (B-217) Member

Mr. Lalit Kumar Sawhney (L-66) Member

PUBLIC RELATIONS


Mr. N. Nagaraj (N-235) Member

Mr. Y.P. Chikkaveerappa (C-142) Member

Mr. Sudhir Kumar Hasija (S-894) Member

Mr. Parthasarathy Varadan (P-292) Member

Dr. P. Kishore Nayak (N-101) Member

6 Bangalore Club

Sub-committees

MEMBER RELATIONS


Mr. Harish J. Padmanabha (H-48) Member

Mr. Sanjay Malik (S-401) Member

Mrs. Nalini Sareen (LS-29) Member

Mrs. Najma Sadiq (LN-57) Member

Mr. J. Srinivasan (S-357) Member

BAR

Mr. C.N. Kumar (K-292) Chairman (Upto 10 January 2011)

Mr. Alok Chandra (A-354) Member

Mr. Srichand Bajaj (B-225) Member

Mr. M.L. Advani (A-74) Member

Mr. M. Deepak Mathew (D-202) Member

Dr. Satish Bhonsle (S-572) Member

Mr. Amarnath Kamath (A-90) Chairman (From 10 January 2011)

Mr. Alok Chandra (A-354) Member

Mr. M.L. Advani (A-74) Member

Mr. M. Deepak Mathew (D-202) Member

Mr. Pahlaj M. Nichani (P-143) Member

Mr. Devesh Agarwal (D-152) Member

SPORTS COMPLEX MONITORING


Mrs. Poornima Jairaj (LP-51) Member

Dr. P. Dayananda Pai (D-75) Member

Mr. I. Zacharaiah (Z-15) Member

Mr. A. N. Prakash (P-167) Member

7Annual Report 2011

PURCHASE

Mr. M.K. Marattukalam (M-125) Chairman

Mr. B. Ravindranath (R-433) Member

Mr. C.K. Gupta (G-74) Member

Mr. A.K. Santosh (S-689) Member

Mr. Nagaraju Kupparaju (N-238) Member

Mr. B. Kumar Nirula (K-197) Member

LEGAL

Mr. M.K. Marattukalam (M-125) Chairman

Mr. S.S. Naganand (N-169) Member

Mr. Siddarth Raja (S-762) Member

Mr. Manav Nagaraj (M-454) Member

Mr. R.V. Prasad (P-331) Member

Mr. V.K. Menon (M-182) Member

OUTSOURCED FACILITIES

Mr. T. Kengal Murthy (K-227) Chairman

Mr. Rishad Minocher (M-259) Member

Mr. Suneel Deshpande (S-439) Member

Mr. Rajesh Rajaram (R-500) Member

LIBRARY

Mr. C.N. Kumar (K-292) Chairman

Mr. K. Nandakumar (N-102) Member

Mr. Vikram Rajaram (V-171) Member

Ms. Priya Chetty Rajagopal (LP-41) Member

Mr. Pamnany Jawahar .J (P-58) Member

Mr. M.G. Pramod (P-285) Member

Sub-committees

8 Bangalore Club

SPORTS (INDOOR, HEALTH CLUB & CARDS)

Mrs. Poornima Jairaj (LP-51) Chairperson

Mr. N.G. Ashley Naronha (A-454) Member

Mr. P. Oommen Mathew (O-14) Member

Mr. Mohan C V K (M-405) Member

Mr. Suresh N. Vaswani (S-351) Member

Ms. Sajani Kishanchand (LS-76) Member

SPORTS (OUTDOOR)

Mrs. Poornima Jairaj (LP-51) Chairperson

Mr. Rajashekar B. N. (R-440) Member

Mr. Jayanth Kumar Dev (J-206) Member

Mr. Arun Kuriyan Matthan (A-182) Member

Mr. Prabhudeva J.Chigateri (C-134) Member

Mr. R.C. Purohit (P-253) Member

CATERING (INCLUDING BANQUETS)

Mr. N. Ramji (R-390) Chairman

Mr. M.A.K. Shetty (S-256) Member

Mr. M.S. Mani (M-269) Member

Mr. P.M. Bhansali (B-250) Member

Ms. Achala Narayan (LA-115) Member

Ms. Anjilli Nawani (LA-64) Member

HOUSE (INTERNAL)

Mr. R. Ramakrishnan (R-399) Chairman

Mrs. Bharathi Kamath (LB-24) Member

Ms. Gayathri Shetty (LG-19) Member

Mr. Gandhi Reddy (G-232) Member

Mr. Rajesh B. Chand (R-555) Member

Mr. C N Guru Prasanna (G-222) Member

Sub-committees

9Annual Report 2011

HOUSE (EXTERNAL)

Mr. R. Ramakrishnan (R-399) Chairman

Mr. A. Palanivelu (P-254) Member

Mr. Alex Abraham( A-212) Member

Mr. Abhay Toshniwal (A-339) Member

Ms. Mona Patel (LM-112) Member

Mr. M. Somashekar (S-521) Member

PROJECTS

Mr. H.C. Thimmaiah (T-85) Chairman

Mr. J.K. Bihani (B-100) Member

Mr. S.K. Bhaskar Raju (B-259) Member

Mr. K.M. Kumaraswamy (K-278) Member

Mr. Thomas J. Ollapally (J-80) Member

CHAMBERS

Mr. H.C. Thimmaiah (T-85) Chairman

Mr. Satish A. Naik (S-708) Member

Mr. M. Arun Ponappa (A-264) Member

Ms. Usha Rajendra (LU-30) Member

Mr. V. Chandran Kumar (C-145) Member

Mr. N. Shekhar (S-515) Member

ENTERTAINMENT (INCLUDING TOMBOLA)

Dr. Thomas A. Chandy (T-86) Chairman

Mr. Zaffar Sait (Z-16) Member

Mr. Anant Iyer S. (A-400) Member

Mr. Suraj Hegde K. (S-413) Member

Mr. Sanjay Udani (S-440) Member

Mr. H. S. Sridhar (S-865) Member

Sub-committees

10 Bangalore Club

Membership

Membership status as on March 31, 2011

Membership category Ladies & GentlemenApplicants on the

waiting list

a. Permanent members 1,879 1,697

b. Sons & daughters of permanent members 2,378 1,496

c. Honorary life members 896 -

d. Spouse of deceased permanent members 491 -

Total permanent members 5,644 3,193

e. Civil service members 88 1

f. Service members 256 -

g. Associate members 78 12

h. Corporate members 165 -

i. Temporary members 1 -

Total other members 588 13

j. Dependents (sons & daughters) 1,321 -

k. Senior dependents (sons & daughters) 1,164 -

Total Dependent & Senior Dependent Members 2,485 -

Grand total 8,717 3,206

Annual Titan Quiz, hosted by Mr. Charu Sharma

11Annual Report 2011

Dear Member,

Our team’s term, shortened to a little over seven months, by the unfortunate happenings at the last AGM, isendingfasterthanweexpected.TimefliesandbeforewerealizeitthenextAGMisuponus.

I leave it to the members to judge our performance. All we can say is that we did our best, in the limited time available to us.

You have, before you, the accounts for the year, as also the reports of the various sub-committees. I sincerely thank all the members of my committee for putting in their best efforts to produce these excellent results.

During our term, we introduced a couple of new sub-committees, the Member Relations sub-committee and the Public Relations sub-committee. The Personnel & Administration sub-committee was renamed the Human Relations sub-committee and the Club Facilities sub-committee was renamed Outsourced Facilitiessub-committeetoreflecttheworkhandledbythem.TheCardsportfoliowasattachedtotheSports sub-committee for better administration. All sub-committees met regularly, as scheduled.

TheaccountspresentedhereinshowtheClubinsoundfinancialhealth.Vigorousstepsweretakentocontrolcosts,withoutsacrificingquality.Allunnecessaryexpenditurewascurtailedandstepsweretakento improve income. Administration was tightened and staff discipline improved considerably.

Thefixeddepositswithbankswererescheduled,fromtimetotime,togetthebestpossibleinterestrates.The result of this will be more apparent next year, when there will be a quantum jump in the interest income. Receipt of considerable amount of sponsorship moneys enabled us to bring you high quality entertainment programmes without dipping into the reserves of the Club. In fact, a healthy surplus was generated on this account. Improved communications to members, especially using the electronic media, kept the members regularly updated with the happenings in the Club. This, in turn, resulted in larger member participation in all the Club programmes. The Dovecot, from a two page, single colour issue, was transformed into an informative and colourful newsletter which was very well received by the members. The Bangalore Club GolfAnnualChampionship,playedforthefirsttime,gotanoverwhelmingresponseasdidotherinitiativeslike visits to industrial units, book exchange programme, exclusive ladies nights, etc. The installation of a telescope,toenablethememberstodosomestargazing,isanotherfirstamongClubs.

The Club has entered into a long term settlement with the labour union, in just two sittings. The present settlement covers a period of 51 months from January 1, 2011 to March 31, 2015 and is purely the result of the warm and cordial relations between the management and the staff.

Please go through the annual report and I would be happy to answer any queries you may have.

On behalf of the General Committee and on my own behalf, I thank you for having given us this opportunity to serve you and hope we have lived up to your expectations. Kindly forgive any short comings.

With regards,

Sincerely yours,

Amarnath Kamath - President

president’s Report

12 Bangalore Club

Departmental Reports

Finance Mr. Amarnath Kamath, Chairman

The Finance Sub-Committee met every month and perused the monthly accounts, the Internal Audit reports and the MIS. Fixed deposits were reviewed regularly and rescheduled to earn higher interest. Tax matterswereattendedto,ontimeandtheGeneralCommitteewasconstantlyadvisedonthefinancialsofthe Club. Capital and repairs & maintenance expenditure were monitored regularly and kept well below the limitsfixedbytheGeneralBody.

A brief analysis of the Balance Sheet and the Income & expenditure Accounts are provided below for your information.

• Capital Fund has increased byRs. 4.48 crores toRs. 54.20 crores on account of capitalization ofentrance fees from new members to the tune of Rs. 1.91 crores and the surplus for the year of Rs. 2.57 crores.

• AfurthersumofRs.1.57croreshasbeenaddedtoContingencyReservetotakecareofanyIncometax liability.

• AdditionsofRs.1.05croresweremadetoFixedAssetsduringtheyear.Ofthis,Rs.63.39lakhswasincurred out of the amount sanctioned by the General Body.

• DepositshavegoneupfromRs.65.97crorestoRs.72.09croresovertheyear.Surplusfundswereinvestedwithmemberbanksandfixeddepositswere rescheduled from time to time toavailhigherinterest.

• InventoriesareupbyRs.6.63lakhsduetoprocurementofadditionalbarstocktobeatthepricehikein April 2011.

• Loans,Advances,Deposits&ReceivableshaveincreasedbyRs.83.20lakhs,mainlyduetodeductionof tax at source by banks & sponsors and payment of disputed Service tax.

• CurrentLiabilitiesincreasedbyRs.77.41lakhs,mainlyonaccountofcontingencydepositcollection.

• Netsurplus,beforeprovisionfortax,stoodatRs.4.15croresasagainstthepreviousyear’sfigureofRs.3.91 crores.

• Incomehasincreasedby2.5%whereasExpenditurehasgoneupby0.4%.

• CashsurplusgeneratedduringtheyearwasRs.5.33croresasagainstRs.5.19croreslastyear.

Human Resources - Mr. Amarnath Kamath, Chairman

Relationship between employees and management was very cordial and resulted in the signing of a long term wage agreement with the union.

The Club continued to provide nutritious and wholesome food to Club staff.

Health screening was arranged for the staff members handling food in the Club.



Aneyecheckupcampwasalsoarrangedforthebenefitoftheemployees.

ForthefirsttimeinthehistoryofBangaloreClub“TheInternationalWomen’sDay”wascelebratedandallthe lady staff members were treated to a tea party and given gift vouchers worth Rs. 500, each.

Vacancieswerefilledupastheyarose.

With a view to streamline work in the Personnel Department, the date of granting increments and for renewal of contracts in respect of all the employees has been uniformly changed to 1st April, every year.

A staff member, Shiva, our tandoor cook, met with an accident in which he lost his right arm. The Club, besides assuring him continued employment, has agreed to make a matching contribution equivalent to that made by the staff. Club members have also contributed liberally in cash and in kind.

Information technology - Mr. Amarnath Kamath, Chairman After the successful implementation of the Club Centric software, the IT backbone of the Club, the sub committee’s priority was to implement the inventory module of Club Centric, introduce the contact-less RFID cards for members and redesign the outdated Club website. The sub-committee met regularly and with expert advice and help of the professionals on the sub-committee and the Club’s IT team all these objectives were met.

Keeping in mind the fast changing technology and the needs of the Club, an upgraded version of Club Centric is scheduled for release in August 2011. Various options are under consideration for the hand held devices that are required for billing on Club lawns / outdoor billing and a suitable system is expected to be in place before the end of 2011. DigitizationofClubrecordswascarriedoutandminutesofmeetingsheldbetweentheyears1918and2010andapplicationformsformembershipweredigitized,foreaseofaccessibilitytoClubAdministration.

public Relations - Mr. Amarnath Kamath, Chairman

The Public Relations sub-committee was formed with the object of projecting the image of the Club, in proper perspective, to the public at large.

The Bangalore Club Golf Open Tournament conducted by this sub-committee attracted a record number of entries from the members and had to be converted into a two day affair. It was followed by a gala prize distribution ceremony and dinner.The InternationalGourmet Evening, at which several leadinghotelsparticipated,theVintageCarExhibition,withthetheme“Personaltransportationthroughtheages”,featuring 54 cars, 27 motor cycles and 2 carriages, followed by a violin concert by Padmabushan Dr. L. SubramaniamandAmbiSubramaniam,incollaborationwiththeEntertainmentsub-committee,werethehighlights.

14 Bangalore Club


Member Relations - Mr. Amarnath Kamath, Chairman

The Member Relations sub-committee was formed with the aim of improving the interaction between the members and the Club management. The broad objectives of forming this new sub-committee were to bring awareness among members about the happenings in the Club, to provide easy communication to them with the Club management and to establish networking among members of the Club. In short, this sub-committee was to act as a bridge between the members at large and the Club, as well as between members, inter se. Members will agree that these objectives have broadly been met.

Members and their families were encouraged to make use of electronic communications by registering their e-mail ids with the Club. Communications about the programmes are now being sent regularly, in neat and crisp e-mails. The Dovecot, which was a blue two pager, has been transformed into a colourful and informative news journal providing, among other things, coverage not only of events that took place in the Club but also information about the forthcoming events in a neat calendar format. Copies of the Dovecot are also made available to members at the various counters in the Club, just in case they did not get their copy in the mail. The Dovecot is also being uploaded, even before its printing, on the Club web site and links are provided to the web page on Facebook and Twitter as well.

Online polls were conducted to elicit the views of members about issues like change in the dress code for use of the Mysore room, opening the Men’s bar to ladies, etc. The response to these polls was very encouraging.

MemberswereupdatedaboutthefinancialpositionoftheClub,periodically.MembershostingpartiesintheClubwerecontactedtogetfirsthandfeed-backabouttheirexperience.

The 100th anniversary of the International Women’s day was celebrated in the Club and every lady who visited the Club on that day was greeted with a rose to mark the occasion.

EarthHourwasobservedforthefirsttimeandallbutessentiallightsintheClubwereturnedoffforanhour.The candle lit Club looked beautiful.

Special discounts were offered to members on food and bar items to celebrate various stages of India’s victories in the World cup cricket matches.

Among the new initiatives taken were: Arranging visits for Club members to industrial units like the Titan watch& jewellery factoriesandtheToyotacar factory,startofaBookExchangeProgramme,planningof group holidays abroad, arranging special bulk buying privileges, etc. A telescope has recently been installedintheClubpremisesfortheuseofmembersandastargazersgroupisbeingformed.

Bar - Mr. Amarnath Kamath, Chairman

The Bar Sub-committee met every month and reviewed purchases, sales, stocks and MIS reports. Non-moving stocks were closely monitored and liquidated.

Wines and liquor were made available at discounted rates by passing on the discounts availed on purchases.

Wine by the glass, is being introduced in the Mixed bar and Dining hall.



Liquor companies continued to support the Club by sponsoring various events and offered special discounts on their brands

This year, the General Committee decided to account sponsorships from liquor companies for entertainment eventslikeNewYear’sEveBall,Valentine’seve,etc.,underentertainmentheadinsteadofaccountingitasBarincome.Accordinglythepreviousfiguresalsohavebeenregrouped.

Weekly music programmes, namely, live music on the lawns on Wednesdays & Sundays, in the Men’s bar on Thursdays, Retro music on Fridays and recorded music on Saturdays have been funded by the Bar. The artistcoordination,however,hasbeenentrustedtotheEntertainmentsub-committee.Thedeficitinthebaris after accounting for the above.

New wine lists have been made available in all the bars and on the lawn. A separate wine cellar has been planned to keep the wines in good condition.

Sports Complex Monitoring - Mr. Amarnath Kamath, Chairman

In termsofa resolutionpassedat theEGM inMarch2010,atwhich theconstructionofanewsportscomplex was approved, the General Committee 2009-10 appointed Mr. K. C. Venkatesh, President; Mr. Girish Punja, Chairman Sports sub-committee; Mr. Amarnath Kamath and three professionals - Dr. P. DayanandaPai,PastPresident;Mr.Zacharaiah,ArchitectandMr.A.N.Prakash,StructuralEngineerasmembers of the Sports Complex Monitoring Committee (SCMC). The SCMC now continues with 4 of the original members, Mr. Kamath and the three professionals. The Chairperson Sports of GC 2010-11, Mrs. Poornima Jairaj, replaced the earlier Chairman – Sports in December 2010 and provides coordination between the General Committee, SCMC, Sports sub-committee and the Club administration and ensures documentation for seamless transitions, considering the temporal nature of the Club Management.

IntheaboveEGM,schematicdrawingsoftheproposedsportscomplexandawalkthroughpresentation,both prepared by the architects, Architecture Paradigm, had been presented to the members. The SCMC held 3 meetings until the end of June 2010. The Action Points emerging from these meetings included design changes to address concerns on entry / exit, toilet positioning, reduction of lounge spaces, reorganisation of parking slots and including the laundry facility in the basement. The architects were requested to give dimensional drawings and compliance reports on adherence to building codes, green buildingcodesandstatutoryrequirements,infrastructuresufficiencyrequirementsandprofilesofservice–coordinating consultants / professionals, among other items. Detailed drawings were also requested for mandatory safety proof checking by a competent agency, which would largely pre-empt glitches in the smoothflowofconstruction.

During the term of the Interim Committee, no meetings of the SCMC were held. The Interim Committee permitted soil testing to be conducted during their term. The report of the soil testing agency states that 2 bores show evidence of completely weathered rock from 6 m / 7.5 m depth onwards. Water table was encountered in one case at 3m depth and in another at 6m depth.

The position of the Project when the elected General Committee 2010-11 took over in November 2010 was as follows:

1. Architect’s drawings and statutory approval applications were not ‘ready’ to apply either for statutory compliancesor tostartconstruction.Thearchitectshadstated thatonly30%of theworkhadbeencompleted.

16 Bangalore Club


2. The Draft Agreement with the architects was neither approved by the SCMC / GC 2009-10 nor by the Interim Committee. The SCMC / GC 2010-11 scrutinised the draft agreement and found it inadequate with regard to the architect’s deliverables, time and payment schedules.

The SCMC has been actively pursuing the matter of submission of detailed drawings required for obtaining the necessary statutory sanctions with the architects and had several meetings with them to sort out various issues and commence work. The SCMC and the Sports sub-committee (expanded to include other sports members) met in January / February 2011. As the concerns expressed by the SCMC were not being addressed by the architects, the SCMC and Sports sub-committee suggested examining additional locations which could address the location risk of the building’s proximity to the busy Richmond Circle. The current Sports Pavilion and Bhatia Suite footprint were suggested as alternative sites. This was communicated to the members in the 1st week of April 2011.

The Architects finally submitted section drawings on 14th April 2011which showed the height of thebuilding as 21.5m as also the separate entry / exit positions, as requested by the SCMC.

Buildingswithheightsabove15mrequirefiredepartmentclearance.TheZonalRegulations,Volume3(2007) Revised Master Plan 2015, slots the proposed Sports Complex in the Club House Category – Public and semi public building. As per Table 9, Page 20, of these regulations, buildings with heights between 21m and 24 m require an 8m setback / road all around the building as well as from the side boundary. The 8m road around the building should be able to cater to vehicles carrying a minimum load of 40 tonnes. Further, Page 23, clause 3.12 of the Zonal Regulations dealing with the NOC requirements of the Fire Department deals with the Basement parking ramp of 3.5 m with 4.5 to 5 m on the turn. The ramp should be a clear 2m from the boundary (Page 22, clause 3.9).

AnopinionaboutthedesignsubmittedbythearchitectswassoughtfromseniorofficialsoftheFireForcedepartment in the 3rd week of April 2011. They pointed out that provision had not been made for the required8mroadaroundtheproposedbuildingandopinedthatfireforceclearancewouldnotbepossible.A peer review by 2 architects revealed that the ramp, adjacent to the compound wall, did not have the required 2m setback. The 4m ramp allowed for only 5m road width as against 8m required for vehicular movement. Also, Tennis courts 4 to 6, abutting the proposed building on one side, left no space for the 8m road required for vehicular movement.

The absence of the 8m road on all 4 sides of the building necessarily means rework of the design at this stage and consequent delay in project execution.

The SCMC examined this status and opined that the architects had NOT taken due care to comply with the buildingcodes,setbacksandstatutoryrequirements.ThismeansthatTHEPROJECT,ASDESIGNED,ISANONSTARTER,ASITISNOTLEGALLYCOMPLIANT.

The SCMC has, thereafter, recommended the following course of action:

1. Selection of a new architect.2. Preparation of new schematic designs meeting the following requirements:a. Fully compliant with all statutory requirements / building byelaws and setbacks

b. House all Sporting facilities approved by the General Bodyc. Restrict building height to below 15 md. Use the originally proposed locatione. Use Bhatia suite location / other areas near the tennis courts to house facilities which may not get

accommodated in the 15m height building



3. An execution plan that does not disturb continuous usage of the current facilities.

Vigorous attempts are being made to present fresh schematic drawings, on the basis of the above brief, at the forthcoming AGM. Details will thereafter be expeditiously worked out and presented to the General Body, before taking up the project.

purchase - Mr. M.K. Marattukalam, Chairman

The Purchase sub-committee met regularly during the year for price negotiations. Discussions were held with the vendors and contractors for better rates without compromising on quality. Annual maintenance contracts were entered into for preventive maintenance of equipment, wherever necessary. New purchase procedures were drafted, approved by the General Committee and implemented.

legal - Mr. M.K. Marattukalam, Chairman

During the period, Legal sub committee reviewed various pending cases and required instructions were giventotheClub’scounsel.Enquiriesrelatingtodisciplinarymatterswereconducted,asperprocedureslaid out. Prompt action was taken on legal matters referred to the sub-committee by the General committee.

outsourced Facilities - Mr. t. Kengal Murthy, Chairman

The performance of all the outlets has shown good improvement in terms of sales and service. Additional facilitieshavebeenadded likeFabricSpa (laundry)next toReflectionsandWineBoutique inplaceofNamdharis.

Food World have expanded by occupying additional space where the cash counter existed.

Travel Tours, Tiger Bay and Wang’s Kitchen contracts have expired. There are plans to open Sub-way outlet and Katti Roll counter at the main lawn.

The outsourced facilities have contributed Rs. 1.09 crores to the revenue of the Club.

library - Mr. C.n. Kumar, Chairman

This year over 900 new titles covering a wide range of interests and subjects were added. Additional racks were purchased for better display of books. The computers in the Dovenet were upgraded. Book readings by popular authors were conducted.

BookExchangeProgram:Severalbookexchangeprogramswereorganizedduringtheyear.Thesewerevery popular and members participated with great enthusiasm.

Informative Talks: A number of talks covering an eclectic range of subjects like Law, Health, Industry, CivicAction,Astronomy,SelfHelp,Yogawereorganizedduringtheyear.ThesewereallwellattendedbyMembers.

18 Bangalore Club


Brig. Hill Annual Memorial Lecture 2011: This year’s lecture was delivered on 7th May 2011 by Mr. R.Gopalakrishnan, Director, Tata Sons Ltd., on “Confronting Reality: India’s Adolescent Democracy And WhatToExpectInAdulthood”.

AnnualQuiz:TheAnnualQuizanchoredbythewellknownsportscasterandQuizMasterMr.CharuSharmawas held on 15th May2011.

Classes: Classes for Tai Chi, Salsa and Art were conducted. A summer camp for children was also held during April 2011.

FilmShowswithvignettes:Duringtheyearthethemeforthe“EveryFriday”movieswas“AmericanOscars–Hits & Misses with Vignettes by Mr Bhaktavatsala.

Inadditionfilmsforminga“BimalRoyRetrospective”anda“GuruDuttRetrospective”werescreened.

Sports (Indoor, outdoor, Health Club & Cards) – Mrs. poornima Jairaj, Chairperson

The current facilities of these games were systematically maintained. However, many of the facilities require refurbishing due to age, and enhancement due to increased usage. While proposals have been processedand finalized, due to the shortGC term, implementationof theseproposalswill be carriedforward into the next GC term.

Squash: The General Committee approved a proposal for complete refurbishing of the squash courts at an approximate cost of Rs. 9.5 lakhs per court for 3 courts. If sponsorship is not forthcoming, the implementation will be taken up after the approval of the General Body. The refurbishment will allow movementoftheflooringandthewallstotheproposedsportscomplexwithaminimalmovementcostwhen the sports complex is ready.

Badminton: Flooring andRoofingworks are due for refurbishment butwere not taken up due to theimminent implementation of the new sports complex project and the fate of the current sports pavilion being in limbo. The leakage of the roof was countered with a new tarpaulin.

Billiards & Snooker: All three tables were recovered by new fabric and cushions and the slates of one table changed. The seating and curtains of the room were also changed. Seating in the verandah was reorganized.

Gym: Equipmentinthegymhavebeenrefurbishedpartially.Anassetlistofthegymequipmentgivingageand other details for timely replacement interventions has been prepared to enable smoother functioning without long breaks.

Health Club: The frequent breakdowns of the steam unit were put to rest after repairs and communication of proper usage instructions to members. Though minor civil works have been attended, a complete refurbishment of this facility is on hold due to the new sports complex proposal. However, the uneven flooringhasbeentakenoutandnewlinoleumfixedtoavoidaccidents.

Tennis: The damaged drainage for Clay Court 3 has been replaced.



ProposalshavebeenfinalizedforlightingofClayCourt3,enhancementoflightingofCourtnos.1&2,resurfacing of Court no 1, at a total cost of Rs. 30 lakhs . Implementation will commence with sponsorship receipt or General Body approval, whichever is earlier.

Swimming: The pool water is regularly monitored and sent for testing. A major long pending issue regarding surrounding area drainage has been attended. The System of cleaning is being changed to ensure scaling build up does not occur and the pool can be kept open for 365 days.

Cards: RummyRoom,BridgeRoom, andWhist continue to bewell patronized by themembers.Thepopular Bridge classes, which are being regularly held, have contributed to the increased interest in the game,and thesignificant increase in thenumberof tables. Tournamentshavebeenheld regularlyasscheduled, with excellent attendance from the members, and the results reported in the monthly Dovecot.

General: Theflooringofrefurbishmentoftheshabbyfoodandbeveragescounterofthesportspavilionhas been taken up.

ScheduledTournamentswereconducted inall thesportsand the ladder ruleswere rationalized. TheCalendaroftheevents,winners’namesandphotographswerepublishedintheDovecotforthefirsttimeto encourage and appreciate the players. These initiatives have increased the participant numbers and interest. Tournaments to maintain the Ladders are being conducted regularly.

Coaching classes have been held in swimming, yoga, squash, and tennis, and are being well attended.

Various interclub tournaments have been held during the year in most of the sporting areas. The highlight of the Inter Club Tournaments is the Secunderabad Club and the MCC club tournaments. This year Bangalore Club visited MCC between 21st and 23rd January and Secunderabad Club visited Bangalore Club between February 11th and 14th Matches were played in Badminton, Squash, Tennis, Billiards and Snooker, Bridge, Swimming. Bangalore Club is thankful for the wonderful hospitality of the MCC,andhostedtheSecunderabadClubto theValentine’sEveningcelebrationswhilewinningall thetournaments. The Interclub matches between RSI and Bangalore Club had RSI as the hosts this year. This was preceded by the Presidents vs Vice Presidents matches in cricket and billiards.

Other interclub tournamentswereheldyearround inbilliards,squash, tennis,bridge,with thefinaleofmany clubs participating together in the Swimming Gala on May 29th, 2011. The Sports Night held on 28th MaycelebratedthespiritofsportsmanshipandClubteamspirit,andprizesweredistributedtothevariouswinners for tournaments held during the year.

The current facilities of these games were systematically maintained. However, many of the facilities require refurbishing due to age and enhancement due to increased usage. While proposals have been processedand finalized, due to the shortGC term, implementationof theseproposalswill be carriedforward into the next GC term.

20 Bangalore Club


Catering (Including Banquets) – Mr. n. Ramji Chairman

The mission of the Catering sub-committee was to provide members pleasant service and good quality dining. Many initiatives taken by this department during the course of the year were appreciated by members. But for a few, the larger number of Club members have given a positive feedback on the improvementsinCateringandBanquets.Thisisconfirmedbythefeedbackreceived.

A hygienic and clean kitchen is of prime importance and pest control measures were regularly undertaken.

A number of new food items which were added to the daily menu were relished and became very popular with our members.

Cost control was established during the year which ensured that good quality and quantity of necessary materials were purchased which resulted in cost saving on major inputs.

The Club has also appointed a professional agency to carry out detailed costing on all food items produced by the Club. Based on their report, the incoming committee can take necessary action on the revision of prices on the menu.

WearehappytosaythattheCateringdepartmenthasshownanincreaseinbillingtothetuneof2.84%.

Under Banquets the number of parties held as on 31st March 2011 was 610 and the number of guests we cateredtowas45,397.Thishasresultedinanincreaseinbillingbyabout6.18%.

During the course of the past year we have had the following special programmes: Christmas lunch, Club Day dinner, Republic Day lunch, HLM Lunch, Sankranti lunch and Ugadi lunch.

Cookery demonstration programmes were regularly held on the last Friday of every month. This programme was coordinated by Mrs. Nimmi Ravindranath and a number of Chefs from 5-star hotels and our Club’s Chefs demonstrated their culinary skills.

The Chefs and kitchen staff have given a great deal of cooperation in the process of improvements at the production level. The F&B Manager and Stewards are being encouraged to be more alert and responsive at contact and interactive level with the members.

Forward planning: • DetailedcostingofallfooditemsproducedbytheClubandrevisionofpricesofallfooditemstobedonebasedonthefinalreport.

• TherenovationoftheMainkitchenandtheLawnkitchenneedsimmediateattention.• Trainingprogrammesbyprofessionalsinthehotelandcateringfieldsisveryessential.



House (Internal) – Mr. R. Ramakrishnan, Chairman

The Chairman and sub committee members accompanied by the Deputy Secretary (Operations), Manager Maintenance and Manager Housekeeping, inspected the Club premises on a number of occasions and their observations towards improvement of the Club were immediately attended to. These inspections were a prelude to the House sub committee meetings. This ensured achievement of focus of the sub committee i.e., to ensure cleanliness and upkeep of the premises. With the total involvement of the sub committee members the following was achieved:-

• Laundrymachinesrepairswererectifiedto largeextentandwouldsooncompletetherepairsof theremaining defects.

• NewstateoftheartequipmenthasbeenprocuredforimprovingthecleaningoftheClubpremises.

House (Internal) – Mr. R. Ramakrishnan, Chairman

The aim of the subcommittee was to maintain the appearance and improve on the facilities at the Club. With the active cooperation of all the members the following works were completed:

• Driver’stoiletwallsrepaired,tiled,whitewashedand500ltrSyntextankwasfittedonroofplatform.Theflooringhasbeentiled.

• Thegardensandlawnsweremaintainedwellandgotalotofappreciation.TheclubcontinueditshightraditionofwinningseveralprizesatboththeAnnualFlower&HorticultureshowsforIndependenceDayand Republic Day.

• Brig.HillAnnexewaterproofinghasbeendonebyusingSWEPCOproductsfromUSMNCCompanywith a guarantee for 10 years and painting contract for entire hall being awarded.

• OldcurtainsinBrig.HillAnnexewillbereplacedwithnewcurtainsafterpaintingiscompleted.

• NewStaffKitchenandrestroomplansarefinalizedandquotesaretakenfromcontractorsandscrutinized.Contracts will be awarded shortly.

• TheClublawnhasbeenre-turfedcompletelyanditwasexudesatfreshlook.

• Thestafftoilethasbeenrenovated.

• TheChildren’s’Playareahasbeenmadesaferbyaddinganadequateamountofsandandperiodicallyraking it to ensure it is loose.

Chambers – Mr. H.C. thimmaiah, Chairman

The Sub-committee had meetings every month to monitor the facilities provided and maintain the high standardsbefittingtheClub.MostofthemembersandtheirguestswhostayedinClubChambershaveappreciated the facilities and the quality of service.

Tariffs were merged for both single and double occupancy, and separate rates for Foreign nationals was deleted to have more convenience. Tariffs were raised slightly for others, and not for members. Additional facilities are provided to the Classic Suites (Room Nos. 1 to 4) like LCD TV etc,.

22 Bangalore Club


The revised tariff for members for regular rooms is ranging from Rs. 1,500/- to Rs. 2,500/- and for Classic rooms it is from Rs. 3,500/- to Rs. 4,500/- excluding taxes.

Theaverageoccupancywasabout85%thisyearandtherevenuefortheyearalsowellbalanced,eventhough Classic rooms were blocked six months for restoration.

Maintenance works like replacement of doors, painting of rooms were carried out at regular intervals. Landscaping around the Room Blocks is also done for better ambience.

projects – Mr. H.C. thimmaiah, Chairman

The Sub-committee was entrusted with the ongoing Lift work at Brigadier Hill Suite. Now, it is successfully completed and operational for the use of members.

entertainment (Including tombola) – Dr. thomas A. Chandy, Chairman

TheentertainmentcommitteestartedoffwiththeInternationalJazzNitewithaDutchGroupfromHollandon3rdDecember2010followedbyCarolsniteandBonfirewhichwasverywellattended.TheClubniteandChildrenChristmaspartywasenjoyedbyall.ThefirsttimeYouthDJ&Dancehadapackedhouse.ThehighlightofDecemberwastheNewYearEveBallwith1600membersandtheirguestsinattendance.The Goan Band, Forefont, had given an excellent performance.

In January, the Mustangs Group, had their 40th year reunion at the club lawn followed by the second Live DJ&Dance.Thefirstladieseveningwasheldwithbellydancinginstructions.TheDownMemoryLanebythe Nostalgia group was popular as ever.

TheValentinedancewithKrosswindz fromKolkata inFebruary.ThesecondLadieseveninghadMarkRegoconductingtheBooze&Brainsfollowedbylinedancinginstructions.

March saw the Golf gala dinner and live music program. The highlight of March, was Bhuli Hui Yaadien, with 1500 members and their guests enjoying the music of the Mumbai Band, the Revival. The ladies evening had a bollywood theme.

TheAprilBlossomshadapackedhousewithDJIvan.TherewasanEasterEggHuntforthefirsttimeby young children, as young as 18 months upto 10 years. The Prasad Bidapa’s fashion show was the highlight of ladies evening in April.

In May there was a live entertainment program for the international gourmet evening and Dr.L.Subramaniaum concert was attended by 700 members. Highlight of the month was the May Queen Ball with Fashion show byPrasadBidapa.MayQueen, Princess andEmpresswere crowned followed by dancingmusic byForefont, a popular Goan band.

This year, the Entertainment sub committee co-ordinated weekly music programmes ofWednesday,Thursday, Friday, Saturday & Sunday, funded by the Bar department.

The entertainment programmes contributed a surplus of Rs.39.71 lacs during the year.



Violin recital by Padmabhushan Dr. L. Subramaniam and Ambi Subramaniam

AcknowledgementsWe thank all our sponsors - Toyota Kirloskar, Puravankara Projects, Karbonn Mobiles, United Breweries, United Spirits, Mantri Developers, Syndicate Bank, State Bank of Mysore, State bank of India, Vijaya Bank, CanaraBank,VaishnaviGroup,ParkPlaza,AdvaithHyundai,Titan,PernodRicardandCarlsbergwhohave been associated with various events held at the Club.

We thank all the sub-committee members without whose support we could not have succeeded in organising various events and improving the services. We also thank all our members for their suggestions and feedback.

We also thank all our staff, executives and all the outlets for their whole hearted support in providing best possible service to our esteemed members.

24 Bangalore Club

Key Financials: Income & expenditure

Income Rs. %

Interest income 5,10,55,256 46.00%

Surplus from departments (Net)

2,18,36,441 19.67%

Subscriptions 1,47,39,725 13.28%

Revenue from Sales through outlets (Net)

1,09,32,137 9.85%

Guest charges 50,15,536 4.52%

Minimum charges

34,24,428 3.09%

Party hall charges

17,94,275 1.62%

Other income 21,97,570 1.98%

TOTAL 11,09,95,368 100.00%

Expenditure Rs. %

Establishmentcharges

3,21,92,540 46.33%

Administrative expenses

1,55,55,473 22.39%

Depreciation 1,17,90,739 16.97%

Repairs & maintenance

50,59,225 7.28%

Discount on billings

28,71,948 4.13%

Electricityandwater charges

18,21,735 2.62%

Gardening & landscaping expenses

1,92,656 0.28%

TOTAL 6,94,84,317 100.00%


Key Financials: Income

150.00

140.00

130.00

120.00

110.00

138.69

145.26147.39

Subscriptions

250.00

225.00

200.00

219.19

235.43

218.36

Surplus from Departments

110.00

105.00

100.00

95.00

90.00

Revenue from Outlets

500.00

400.00

300.00

200.00

Interest from Banks

150.00

100.00

50.00

106.61137.29

124.32

Other Income

2008 - 09 2009 - 10 2010 - 11

2008 - 09 2009 - 10 2010 - 11

2008 - 09 2009 - 10 2010 - 11

2008 - 09 2009 - 10 2010 - 11

2008 - 09 2009 - 10 2010 - 11

475.59456.17

510.55

97.19

109.18 109.32

(All Values in Rs. Lakhs)

26 Bangalore Club

Key Financials: expense

350.00

300.00

250.00

200.002008 - 09 2009 - 10 2010 - 11

2008 - 09 2009 - 10 2010 - 11

2008 - 09 2009 - 10 2010 - 11

2008 - 09 2009 - 10 2010 - 11

265.69

302.34321.92

Establishment Charges

160.00

120.00

140.00

136.37

142.89

155.55Administrative Expenses

8.00

6.00

7.00

9.00

80.6280.46

68.02

Repairs & Maintenace (Gross)

3.00

1.00

2.00

23.24

28.1028.72

Discount on Billings

(All Values in Rs. Lakhs)


Key Financials: Departmental performance

Surplus DepartmentsTotal: 3,09,53,485

Deficit DepartmentsTotal: 74,35,927

(All Values in Rupees)

(All Values in Rupees)

28 Bangalore Club

Bhuli Gui Yaadein by Revival, a 14 member band from Mumbai, performing at the Club

Winner of the inaugural Bangalore Club Golf Championship, receiving the trophy from the President and Vice President


Auditor’s Report

to the Members of the Bangalore Club

We have audited the attached Balance Sheet as at 31st March 2011 and also the Income and ExpenditureAccount(includingtheDepartmentAccounts)ofBangaloreClubfortheyearendedonthatdateannexedhereto.ThesefinancialstatementsaretheresponsibilityoftheClub’smanagement.Ourresponsibilityistoexpressanopiniononthesefinancialstatementsbasedonouraudit.

1. We conducted our audit in accordance with auditing standards generally accepted in India. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether thefinancialstatementsare freeofmaterialmis-statement.Anaudit includesexaminingonatestbasis,evidencesupportingtheamountsanddisclosures inthefinancialstatements.Anauditalsoincludesassessingtheaccountingprinciplesusedandsignificantestimatesmadebythemanagement,aswellasevaluatingtheoverallfinancialstatementpresentation.Webelievethatouraudit provides basis for our opinion.

2. Further we report that:

a. We have obtained all the information and explanations, which to the best of our knowledge and belief were necessary for the purpose of our audit.

b. In our opinion proper books of accounts as required by the law have been kept by the Club, so far as it appears from the examination of such books.

c. TheBalanceSheetandIncomeandExpenditureAccountreferredtointhisreportareinagreementwith the books of accounts.

d. In our opinion and to the best of our information and according to the explanations given to us, the said accounts read in conjunction with schedule 1 to 22 give a true and fair view in conformity with the accounting principles generally accepted in India:

i) In the case of the Balance Sheet, of the state of affairs of the Bangalore Club as at 31st March 2011 and

ii) InthecaseoftheIncomeandExpenditureAccount,ofthesurplusfortheyearendedonthatdate.

3. In terms of Rule 12 & 13 of the Club Rules, we report that entrance fees received in advance from all categories of applicants for membership who have not yet been elected to membership have been kept in the form of Fixed Deposits with nationalised banks, which are corporate members of the Club. We further report that no part of the balance of amount in the said advance entrance fees has been withdrawn and no charge has been created thereon.

For M/s.S.Viswanathan, Chartered Accountants, Firm Regn.No.00477S

Place: Bangalore C.N.Srinivasan (Partner) Date: 13th May 2011 Membership.No.18205

30 Bangalore Club

Balance Sheet as at 31st March 2011

Particulars SchAs at 31-03-2011 As at 31-03-2010

No Rs. Rs. Rs.

SOURCE OF FUNDS :

Capital fund 1 54,19,91,573 49,71,45,037

Memorial fund 3,00,000 3,00,000

Contingency reserve 2 12,11,82,108 10,54,63,630

Advance entrance fees 3 16,40,83,250 17,02,88,250

Total 82,75,56,931 77,31,96,917

APPLICATION OF FUNDS :

Fixed assets 4 6,38,12,266 6,51,31,922

Fixed deposits 5 72,09,44,020 65,97,20,460

Current assets, loans, advances, deposits and receivables:

Current assets:

Inventories 6 50,15,014 43,51,693

Dues from members 7 1,78,25,311 1,75,83,695

Cash and Bank balances 8 1,16,18,252 1,86,46,394

Loans, advances , deposits & receivables

9 8,66,96,352 7,83,75,780

Sub total 12,11,54,929 11,89,57,562

Less : Current liabilities & provisions 10 7,83,54,284 7,06,13,027

Net current assets 4,28,00,645 4,83,44,535

Total 82,75,56,931 77,31,96,917

M B Sreepada Amarnath KamathDeputy Secretary (Finance) President & Chairman, Finance Sub-committee

To be read with our report of even date For S Viswanathan M K Marattukalam Chartered Accountants Vice President

Place: Bangalore C N Srinivasan (Partner) Date: 13/05/2011 Membership.No. 18205 | Firm Regn. No. 004770-S


ParticularsSch No.

For the yearended 31-03-2011

For the yearended 31-03-2010

Rs. Rs.

Income:

Membership subscriptions 11 1,47,39,725 1,45,26,169

Surplus from departments (Net) 12 2,18,36,441 2,35,43,565

Interest income 13 5,10,55,256 4,56,17,505

Other income 14 1,24,31,809 1,37,28,959

Revenue from sales through outlets (Net)

15 1,09,32,137 1,09,18,426

Total (A) 11,09,95,368 10,83,34,624

Expenditure :

Establishmentcharges 16 3,21,92,540 3,02,34,196

Electricityandwatercharges 17 18,21,735 17,69,965

Administrative expenses 18 1,55,55,473 1,43,14,888

Repairs & maintenance 19 50,59,225 56,49,585

Discount on billings 28,71,948 28,10,495

Gardening & landscaping expenses 1,92,656 2,09,216

Contributiontofloodrelief - 14,11,500

Depreciation 1,17,90,739 1,27,73,667

Total (B) 6,94,84,317 6,91,73,512

Surplus for the year (A - B) 4,15,11,051 3,91,61,112

Add /Deduct(-) :

Prior period adjustments 20 1,50,469 786

Provision for income tax (1,59,39,784) (1,41,44,075)

Balance transferred to Capital Fund

2,57,21,736 2,50,17,823

M B Sreepada Amarnath KamathDeputy Secretary (Finance) President & Chairman, Finance Sub-committee

To be read with our report of even date For S Viswanathan M K Marattukalam Chartered Accountants Vice President

Place: Bangalore C N Srinivasan (Partner) Date: 13/05/2011 Membership.No. 18205 | Firm Regn. No. 004770-S

Income & expenditure accountfor the year ended 31st March 2011

32 Bangalore Club

Schedules

ParticularsAs at 31-03-2011 As at 31-03-2010

Rs. Rs.

Schedule - 1 : Capital Fund:

As per last Balance Sheet 49,71,45,037 45,51,41,505

Add:Entrancefeesfrommembers 1,91,24,800 1,69,11,000

Add:Income&Expenditureaccountbalancetransferred 2,57,21,736 2,50,17,823

Memorial Funds - 74,709

Total 54,19,91,573 49,71,45,037

Schedule - 2: Contingency Reserve:

As per last Balance Sheet 10,54,63,630 9,13,70,272

Add: Transfer from income and expenditure account of

current year’s provision for disputed tax 1,57,18,478 1,40,93,358

Total 12,11,82,108 10,54,63,630

Schedule - 3: Advance Entrance Fees:

Permanent membership 15,27,30,000 16,01,10,000

Children of permanent members 76,08,250 64,43,250

Other memberships 37,45,000 37,35,000

Total 16,40,83,250 17,02,88,250


Schedules

Sl. No.

Particulars / Dept.

WDV as at 01-04-2010

Additions Deletions Total Depreciation WDV as at 31-03-2011

Rs. Rs. Rs. Rs. Rs. Rs.

Schedule - 4: Fixed Assets:

1 Freehold land 14,943 - 14,943 - 14,943

2 Buildings 3,79,27,061 57,000 3,79,84,061 38,00,614 3,41,83,447

3General club assets

96,66,111 15,43,739 1,12,09,850 28,95,139 83,14,711

4 Laundry 17,67,591 6,700 17,74,291 4,43,239 13,31,052

5 Office 19,77,534 5,10,433 24,87,967 12,01,331 12,86,636

6 Maintenance 2,61,691 26,965 2,88,656 71,763 2,16,893

7 Chamber 6,83,055 66,28,985 73,12,040 6,62,367 66,49,673

8 Bar 7,34,693 32,663 7,67,356 1,87,379 5,79,977

9 Catering 19,47,613 1,58,779 21,06,392 3,30,462 17,75,930

10 Games 49,13,455 20,940 49,34,395 6,61,038 42,73,357

11 Entertainment 7,990 - 7,990 7,990 -

12 Swimming pool 23,77,374 14,770 23,92,144 2,98,716 20,93,428

13 Health club 7,46,790 19,152 7,65,942 5,36,258 2,29,684

14 Library 8,26,815 13,711 8,40,526 1,83,017 6,57,509

15 Library books 1,02,283 2,15,073 3,17,356 2,09,820 1,07,536

16 Banquet 11,76,923 12,22,174 23,99,097 3,01,607 20,97,490

Total 6,51,31,922 1,04,71,084 - 7,56,03,006 1,17,90,739 6,38,12,266

Previous year 6,25,85,394 3,25,63,041 1,72,42,846 7,79,05,589 1,27,73,667 6,51,31,922

34 Bangalore Club

Schedules


Rs. Rs.

Schedule - 5: Investments & Fixed Deposits:

In Term deposit (FD) accounts with member banks:

Canara Bank 6,14,27,453 8,80,00,000

State Bank of India 4,32,93,091 3,96,00,000

State Bank of Mysore 32,09,02,925 26,80,00,000

Syndicate Bank 14,97,95,901 13,42,00,000

Vijaya Bank 13,24,10,762 10,30,00,000

Interest accrued but not due on deposits 1,24,13,888 2,62,20,460

FDwithBangaloreClubEmployeesCr.Co-opSocietyLtd. 7,00,000 7,00,000

Total 72,09,44,020 65,97,20,460

Schedule - 6 : Inventories:

(AscertifiedbytheManagement)

Bar 38,84,209 32,22,930

Catering 1,40,992 70,638

Club stores 9,89,813 10,58,125

Total 50,15,014 43,51,693

Schedule - 7 : Dues from members:

March bill 1,58,41,008 1,61,40,528

Arrears 19,64,099 13,82,990

Dues from resigned, removed and deceased members 20,204 60,177

Total 1,78,25,311 1,75,83,695

Schedule - 8 : Cash and bank balances:

Cash on hand 3,38,177 6,35,627

In S.B. accounts with:

Member banks 1,11,50,902 1,71,31,505

Axis Bank Ltd. 1,29,173 8,79,262

Total 1,16,18,252 1,86,46,394


Schedules


Rs. Rs.

Schedule - 9 : Loans, advances, deposits & receivables:

Advance Income tax 3,54,79,778 3,54,79,778

Tax deducted at source & collected at source 2,18,45,742 1,56,99,292

Advance Wealth tax 13,77,423 13,77,423

Disputed taxes paid 1,92,74,340 1,57,74,340

Advances to suppliers 7,01,460 15,25,478

Pre-paid expenses 10,36,961 9,39,508

Loans & Advances to staff / Recoverables from staff 9,22,800 9,25,123

DepositwithBESCOM 18,13,190 18,13,190

Deposit with BWSSB 2,52,838 2,52,838

Deposits with others 4,34,442 2,73,186

Sponsorship receivable 34,58,076 42,91,734

Other receivables 99,302 23,890

TOTAL 8,66,96,352 7,83,75,780

Schedule - 10 : Current Liabilities & Provisions:

Current Liabilities

Sundry creditors 1,72,15,717 1,80,97,799

Outstanding expenses 61,366 73,357

Deposits received from members 27,68,500 27,47,000

Luxury tax payable 43,220 35,140

Service tax payable 53,823 1,40,413

VAT payable 2,80,310 2,19,631

Deposits received from others 3,51,033 75,900

Contingency deposit 3,13,34,175 2,42,44,126

Advance corporate membership subscription 33,41,250 34,08,750

Members' accounts in credit 76,69,713 66,34,106

Dues towards employees welfare (Bonus & Gratuity) 70,96,994 67,89,432

Function coupons and debit card balances refundable 10,40,540 7,17,605

Advance entrance fee refundable 26,19,270 35,79,270

Other liabilities 18,72,901 14,66,333

Total of current liabilities 7,57,48,812 6,82,28,861

Provisions:

Provision for income tax excluding amount shown under Contingency Reserve

26,05,472 23,84,166

Total 7,83,54,284 7,06,13,027

36 Bangalore Club

Schedules

Particulars

For the year ended 31-03-2011


Rs. Rs.

Schedule -11: Membership Subscription:

Monthly subscription 1,56,17,825 1,53,98,764

Less:AllocatedtoEntertainment@Rs15permember, per month

8,78,100 8,72,595

Total 1,47,39,725 1,45,26,169

Schedule -13: Interest Income:

Interest from member banks 5,09,76,658 4,56,17,505

Other interest 78,598 -

Total 5,10,55,256 4,56,17,505

Schedule - 14 : Other Income:

Guest charges 50,15,536 48,51,074

Minimum charges 34,24,428 34,63,074

Party hall charges 17,94,275 16,57,006

Delayed payment charges from members 8,28,452 8,15,805

Miscellaneous balances written back (Net) 22,083 19,79,700

Member ID cards 80,592 1,55,341

Miscellaneous receipts 12,66,444 8,06,959

Total 1,24,31,809 1,37,28,959


Schedules

Particulars



Rs. Rs.

Schedule - 15 : Revenue from Sales through Outlets:

Beauty parlour 19,47,273 17,12,884

Cold storage 4,09,129 3,37,206

Florist 2,12,842 2,34,210

Food World 26,00,097 24,98,988

Hopcoms 6,69,596 5,92,762

Pharmacy 9,14,605 6,15,781

Our Stores 5,39,553 4,79,985

New Arya Bhavan sweets 4,34,037 4,38,247

Chinese restaurant 3,00,610 3,80,432

Tiger Bay 16,13,512 23,28,946

Namdharis 4,30,106 5,47,035

Café Coffee Day 5,07,957 4,82,747

Sweet Chariot - 1,55,770

Travel desk 3,00,000 50,000

Ice cream parlours 29,381 27,585

Fabricspa - Laundry 20,000 -

Other outlets 3,439 35,848

Total 1,09,32,137 1,09,18,426

Schedule -16: Establishment Charges:

Salaries and wages 4,84,69,258 4,46,74,842

Employer'scontributiontoPF,ESI,etc. 49,57,979 43,53,042

Staff welfare 46,42,947 51,26,495

Staff pension 552 962

5,80,70,736 5,41,55,341

Less: Allocated to departments 2,58,78,195 2,39,21,145

Total 3,21,92,540 3,02,34,196

38 Bangalore Club

Schedules

Particulars



Rs. Rs.

Schedule - 17: Electricity & Water Charges:

Electricitycharges 1,10,65,996 1,02,81,091

Generator expenses 9,40,223 6,95,657

1,20,06,219 1,09,76,748

Less : Recovered from the outlets 32,96,634 29,29,976

Less : Allocated to departments 70,46,473 63,36,227

Total (A) 16,63,112 17,10,545

Water charges 1,58,623 59,420

Total (B) 1,58,623 59,420

Total (A+B) 18,21,735 17,69,965

Schedule - 18 : Administrative Expenses:

Rates and taxes 17,58,605 19,11,782

Postage and courier charges 4,31,805 5,57,550

Printing and stationery 5,85,276 9,19,900

Computer stationery and peripherals 2,31,860 2,90,252

Software licenses & AMCs 2,20,632 -

Newspapers and periodicals 34,685 42,655

Telephones (net) 3,79,095 2,58,644

Security charges 27,05,832 26,82,756

Professional charges 22,61,932 19,41,553

Hire charges 17,79,033 10,72,366

Insurance 62,284 84,318

Audit fees 1,25,000 1,25,000

General body meeting expenses 12,93,693 10,28,140

Housekeeping expenses 16,54,909 10,08,066

Advertisements 2,770 8,000

Bank charges (Net) 13,805 10,682

Flower arrangements 77,071 71,000

Washing charges 3,21,278 2,66,786

Membership ID cards / Debit cards - 29,698

Miscellaneous expenses 16,15,908 20,05,740

Total 1,55,55,473 1,43,14,888


Schedules

Particulars



Rs. Rs.

Schedule - 19 : Repairs & Maintenance:

Repairs - Buildings 34,94,742 40,39,639

Repairs-Electricals 4,85,226 7,59,109

Repairs-Furniture,fixturesandequipment 11,98,256 7,10,550

Maintenance - Buildings 1,12,076 1,86,896

Maintenance - General 5,57,834 15,39,428

Maintenance&AMCs-Equipment 9,53,994 8,10,825

68,02,128 80,46,447

Less : Allocated to departments 17,42,903 23,96,862

Total 50,59,225 56,49,585

Schedule - 20 : Prior Period Adjustments:

Credits:

Recovery of dues & expenses 3,90,272 1,10,905

Others (expenses excess provided for earlier) 1,16,957 -

Total (A) 5,07,229 1,10,905

Debits:

Salestax,VAT,Luxurytax,PF&ESIinrespectofearlieryears

2,75,954 83,293

Others (expenses short provided for earlier) 80,806 26,826

Total (B) 3,56,760 1,10,119

Net Amount (A - B) 1,50,469 786

40 Bangalore Club

Schedules

Schedule - 12: Surplus / (Deficit) from Departments (Net):

A B C D E F G H Total Games (1 To 8)

Grand Total

(A to H)Particulars Bar Catering Banquets ChambersLibrary & Dovenet

Entertain- ment

Laundry Health Club Swimming

PoolBadminton Tennis Squash Billiards

Club Tournaments

Cards

Rsa.Rs. Rs. Rs. Rs. Rs. Rs. (1) (2) (3) (4) (5) (6) (7) (8) Rs. Rs.

Income: Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.

Billings 3,05,23,489 1,62,37,497 1,72,01,351 2,94,21,893 76,481 34,91,046 20,30,532 - - 4,58,660 2,51,990 32,932 - - 14,040 7,57,622 9,97,39,911

3,44,26,829 1,51,54,118 1,61,91,850 3,09,07,206 97,410 38,53,503 13,66,621 - 2,250 2,42,607 2,83,712 32,109 - - 7,533 5,68,211 10,25,65,747

Inter department transfer / Billing 29,68,372 68,20,699 - 18,754 - - - - - - - - - - - - 98,07,825

26,90,123 72,66,983 - - - - - - - - - - - - - - 99,57,106

Subscription / Subscription transfer - - - - 14,56,100 8,78,100 - 47,91,600 16,04,850 5,31,550 6,56,100 3,55,225 1,90,000 - 2,68,975 83,98,300 1,07,32,500

- - - - 11,77,050 8,72,595 - 49,47,975 16,87,800 5,08,925 6,19,875 3,35,525 2,15,100 - 2,64,300 85,79,500 1,06,29,145

Other billings 1,51,200 - 17,10,798 7,64,921 - - - - - - - - - - - - 26,26,918

1,64,720 - 16,68,308 11,67,910 - - - - - - - - - - - - 30,00,938

Sponsorships 25,71,290 - 30,750 59,00,000 - - - - - - - 85,02,040

30,71,216 - 95,750 50,01,200 - - - - - - - 81,68,166

Miscellaneous income 1,54,127 - 55,272 24,219 1,36,918 33,997 - 6,63,720 3,20,450 6,750 28,24,100 29,900 25,100 4,64,400 9,400 43,43,820 47,48,353

1,39,828 1,310 2,704 58,293 1,41,156 - - 7,94,393 1,19,150 6,150 25,10,577 3,500 28,655 - 55,048 35,17,473 38,60,763

Total income - current year 3,63,68,478 2,30,58,195 1,89,67,421 3,02,29,786 17,00,249 1,03,03,143 20,30,532 54,55,320 19,25,300 9,96,960 37,32,190 4,18,057 2,15,100 4,64,400 2,92,415 1,34,99,742 13,61,57,546

Total income - previous year 4,04,92,716 2,24,22,411 1,78,62,861 3,21,33,409 15,11,366 97,27,298 13,66,621 57,42,368 18,09,200 7,57,682 34,14,164 3,71,134 2,43,755 - 3,26,881 1,26,65,183 13,81,81,866

Expenditure:

Cost of inputs 2,73,70,255 1,38,49,842 65,95,873 - 4,78,15,971

3,05,04,695 1,25,41,944 55,48,647 - 4,85,95,286

Inter department transfer / Billing - - 80,56,621 17,69,960 10,474 8,280 - 98,45,335

- - 82,70,141 16,86,965 - 99,57,106

Salaries & wages 48,97,278 69,46,194 21,82,157 39,74,946 12,47,579 3,14,550 2,92,770 24,40,289 9,54,212 5,03,651 7,80,165 3,05,945 6,45,599 - 3,76,360 60,06,221 2,58,61,694

46,22,215 63,87,414 17,48,343 40,50,529 11,31,541 3,00,000 2,14,600 21,68,994 7,17,398 4,63,013 7,58,068 3,40,423 6,05,558 - 3,64,828 54,18,282 2,38,72,924

Power charges 8,27,320 14,14,606 1,61,514 11,63,973 1,65,676 - 10,66,073 12,01,834 5,27,948 80,688 1,41,432 1,24,342 67,091 1,03,976 22,47,311 70,46,473

7,52,732 15,04,164 1,90,182 11,51,732 2,09,260 - 6,44,277 10,20,776 3,93,380 65,724 1,21,200 1,30,948 64,992 - 86,860 18,83,880 63,36,227

Licence fees, Rates & taxes 6,09,504 34,400 - 6,43,904

6,21,004 12,500 89,839 - 7,23,343

Department consumables 3,47,668 12,31,269 5,67,408 13,10,825 48,532 1,29,993 2,90,255 4,17,073 3,93,517 5,63,455 3,53,498 38,136 45,579 - 81,650 18,92,908 58,18,858

3,19,181 9,92,524 2,40,249 5,73,528 78,803 1,95,130 2,33,617 4,60,963 3,25,668 3,69,019 3,44,281 45,209 20,932 - 82,940 16,49,012 42,82,044

Programme & Tombola expenses 26,245 - - - 3,19,434 1,67,648 - - - - - - - - - - 5,13,327

- - - - 2,80,053 2,30,513 - - - - - - - - - - 5,10,566

Tournament expenses / Whist drive - - - - - - - - - - 7,215 - 8,900 7,18,141 1,10,016 8,44,272 8,44,272

- - - - - - - - 14,776 - 2,125 - 3,500 5,44,846 1,26,346 6,91,592 6,91,592

Hire charges 11,60,108 53,508 3,69,105 - 1,56,890 15,51,414 - - - - - - - 18,652 - 18,652 33,09,677

18,51,189 3,969 3,00,488 - 29,751 22,00,404 - - - - - - - 7,000 - 7,000 43,92,801

Professional charges / Artist fees 10,11,770 10,000 23,500 29,98,644 3,11,650 65,800 21,48,400 38,000 - 25,63,850 66,07,764

8,18,490 - 51,29,864 - 59,48,354

Repairs / Renewals / Maintenance 42,219 2,65,588 1,27,071 3,76,931 58,623 - 3,81,434 2,73,164 1,12,039 13,898 41,178 7,046 13,151 - 30,561 4,91,037 17,42,903

9,16,990 1,52,179 75,290 2,75,880 16,781 - 2,74,127 1,17,054 2,67,753 1,508 11,639 1,81,859 24,353 - 81,449 6,85,614 23,96,862

Outlet handling charges 1,17,954 - - - - - - - - - - - - - - - 1,17,954

1,51,590 - - - - - - - - - - - - - - - 1,51,590

Washing charges - 3,39,752 1,96,223 4,94,412 - - - 3,02,524 3,79,376 - - 3,733 - - - 6,85,633 17,16,020

- 3,56,119 1,62,668 3,84,442 - - - 2,50,515 2,94,012 - - - - - - 5,44,527 14,47,755

Sundries 1,55,559 87,814 44,975 4,10,759 2,28,741 11,60,909 - 39,620 9,195 3,160 1,07,227 2,032 13,322 1,28,902 44,741 3,48,198 24,36,955

4,38,771 72,836 28,731 4,35,866 2,89,972 12,75,134 - 4,67,672 30,475 1,644 20,18,121 638 6,484 2,29,897 35,610 27,90,541 53,31,851

Total expenditure - current year 3,65,65,880 2,42,32,973 1,83,00,947 95,01,806 22,59,449 63,31,438 20,30,532 49,86,154 24,42,087 11,64,852 35,79,115 5,19,234 7,93,642 8,65,695 7,47,303 1,50,98,082 11,43,21,105

Total expenditure - previous year 4,09,96,856 2,20,23,650 1,65,64,738 85,58,942 20,36,161 94,20,884 13,66,621 44,85,973 20,43,461 9,00,908 32,55,434 6,99,077 7,25,819 7,81,742 7,78,033 1,36,70,448 11,46,38,301

Net surplus / (deficit) - current year (1,97,402) (11,74,778) 6,66,474 2,07,27,980 (5,59,200) 39,71,705 - 4,69,167 (5,16,787) (1,67,892) 1,53,075 (1,01,177) (5,78,542) (4,01,295) (4,54,888) (15,98,340) 2,18,36,441

Net surplus / ( deficit ) - previous year (5,04,141) 3,98,761 12,98,123 2,35,74,466 (5,24,795) 3,06,414 - 12,56,395 (2,34,261) (1,43,227) 1,58,730 (3,27,943) (4,82,064) (7,81,742) (4,51,152) (10,05,264) 2,35,43,565

Figures in highlighted rows are for the year ended 31/3/2010Note: Sponsorship money received from liquor companies towards Entertainment programmes have been acounted under Entertainment unlike in earlier years. Previous year’s figures have been regrouped accordingly.


Schedules

Schedule - 12: Surplus / (Deficit) from Departments (Net):

A B C D E F G H Total Games (1 To 8)

Grand Total

(A to H)Particulars Bar Catering Banquets ChambersLibrary & Dovenet

Entertain- ment

Laundry Health Club Swimming

PoolBadminton Tennis Squash Billiards

Club Tournaments

Cards

Rsa.Rs. Rs. Rs. Rs. Rs. Rs. (1) (2) (3) (4) (5) (6) (7) (8) Rs. Rs.

Income: Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs.

Billings 3,05,23,489 1,62,37,497 1,72,01,351 2,94,21,893 76,481 34,91,046 20,30,532 - - 4,58,660 2,51,990 32,932 - - 14,040 7,57,622 9,97,39,911

3,44,26,829 1,51,54,118 1,61,91,850 3,09,07,206 97,410 38,53,503 13,66,621 - 2,250 2,42,607 2,83,712 32,109 - - 7,533 5,68,211 10,25,65,747

Inter department transfer / Billing 29,68,372 68,20,699 - 18,754 - - - - - - - - - - - - 98,07,825

26,90,123 72,66,983 - - - - - - - - - - - - - - 99,57,106

Subscription / Subscription transfer - - - - 14,56,100 8,78,100 - 47,91,600 16,04,850 5,31,550 6,56,100 3,55,225 1,90,000 - 2,68,975 83,98,300 1,07,32,500

- - - - 11,77,050 8,72,595 - 49,47,975 16,87,800 5,08,925 6,19,875 3,35,525 2,15,100 - 2,64,300 85,79,500 1,06,29,145

Other billings 1,51,200 - 17,10,798 7,64,921 - - - - - - - - - - - - 26,26,918

1,64,720 - 16,68,308 11,67,910 - - - - - - - - - - - - 30,00,938

Sponsorships 25,71,290 - 30,750 59,00,000 - - - - - - - 85,02,040

30,71,216 - 95,750 50,01,200 - - - - - - - 81,68,166

Miscellaneous income 1,54,127 - 55,272 24,219 1,36,918 33,997 - 6,63,720 3,20,450 6,750 28,24,100 29,900 25,100 4,64,400 9,400 43,43,820 47,48,353

1,39,828 1,310 2,704 58,293 1,41,156 - - 7,94,393 1,19,150 6,150 25,10,577 3,500 28,655 - 55,048 35,17,473 38,60,763

Total income - current year 3,63,68,478 2,30,58,195 1,89,67,421 3,02,29,786 17,00,249 1,03,03,143 20,30,532 54,55,320 19,25,300 9,96,960 37,32,190 4,18,057 2,15,100 4,64,400 2,92,415 1,34,99,742 13,61,57,546

Total income - previous year 4,04,92,716 2,24,22,411 1,78,62,861 3,21,33,409 15,11,366 97,27,298 13,66,621 57,42,368 18,09,200 7,57,682 34,14,164 3,71,134 2,43,755 - 3,26,881 1,26,65,183 13,81,81,866

Expenditure:

Cost of inputs 2,73,70,255 1,38,49,842 65,95,873 - 4,78,15,971

3,05,04,695 1,25,41,944 55,48,647 - 4,85,95,286

Inter department transfer / Billing - - 80,56,621 17,69,960 10,474 8,280 - 98,45,335

- - 82,70,141 16,86,965 - 99,57,106

Salaries & wages 48,97,278 69,46,194 21,82,157 39,74,946 12,47,579 3,14,550 2,92,770 24,40,289 9,54,212 5,03,651 7,80,165 3,05,945 6,45,599 - 3,76,360 60,06,221 2,58,61,694

46,22,215 63,87,414 17,48,343 40,50,529 11,31,541 3,00,000 2,14,600 21,68,994 7,17,398 4,63,013 7,58,068 3,40,423 6,05,558 - 3,64,828 54,18,282 2,38,72,924

Power charges 8,27,320 14,14,606 1,61,514 11,63,973 1,65,676 - 10,66,073 12,01,834 5,27,948 80,688 1,41,432 1,24,342 67,091 1,03,976 22,47,311 70,46,473

7,52,732 15,04,164 1,90,182 11,51,732 2,09,260 - 6,44,277 10,20,776 3,93,380 65,724 1,21,200 1,30,948 64,992 - 86,860 18,83,880 63,36,227

Licence fees, Rates & taxes 6,09,504 34,400 - 6,43,904

6,21,004 12,500 89,839 - 7,23,343

Department consumables 3,47,668 12,31,269 5,67,408 13,10,825 48,532 1,29,993 2,90,255 4,17,073 3,93,517 5,63,455 3,53,498 38,136 45,579 - 81,650 18,92,908 58,18,858

3,19,181 9,92,524 2,40,249 5,73,528 78,803 1,95,130 2,33,617 4,60,963 3,25,668 3,69,019 3,44,281 45,209 20,932 - 82,940 16,49,012 42,82,044

Programme & Tombola expenses 26,245 - - - 3,19,434 1,67,648 - - - - - - - - - - 5,13,327

- - - - 2,80,053 2,30,513 - - - - - - - - - - 5,10,566

Tournament expenses / Whist drive - - - - - - - - - - 7,215 - 8,900 7,18,141 1,10,016 8,44,272 8,44,272

- - - - - - - - 14,776 - 2,125 - 3,500 5,44,846 1,26,346 6,91,592 6,91,592

Hire charges 11,60,108 53,508 3,69,105 - 1,56,890 15,51,414 - - - - - - - 18,652 - 18,652 33,09,677

18,51,189 3,969 3,00,488 - 29,751 22,00,404 - - - - - - - 7,000 - 7,000 43,92,801

Professional charges / Artist fees 10,11,770 10,000 23,500 29,98,644 3,11,650 65,800 21,48,400 38,000 - 25,63,850 66,07,764

8,18,490 - 51,29,864 - 59,48,354

Repairs / Renewals / Maintenance 42,219 2,65,588 1,27,071 3,76,931 58,623 - 3,81,434 2,73,164 1,12,039 13,898 41,178 7,046 13,151 - 30,561 4,91,037 17,42,903

9,16,990 1,52,179 75,290 2,75,880 16,781 - 2,74,127 1,17,054 2,67,753 1,508 11,639 1,81,859 24,353 - 81,449 6,85,614 23,96,862

Outlet handling charges 1,17,954 - - - - - - - - - - - - - - - 1,17,954

1,51,590 - - - - - - - - - - - - - - - 1,51,590

Washing charges - 3,39,752 1,96,223 4,94,412 - - - 3,02,524 3,79,376 - - 3,733 - - - 6,85,633 17,16,020

- 3,56,119 1,62,668 3,84,442 - - - 2,50,515 2,94,012 - - - - - - 5,44,527 14,47,755

Sundries 1,55,559 87,814 44,975 4,10,759 2,28,741 11,60,909 - 39,620 9,195 3,160 1,07,227 2,032 13,322 1,28,902 44,741 3,48,198 24,36,955

4,38,771 72,836 28,731 4,35,866 2,89,972 12,75,134 - 4,67,672 30,475 1,644 20,18,121 638 6,484 2,29,897 35,610 27,90,541 53,31,851

Total expenditure - current year 3,65,65,880 2,42,32,973 1,83,00,947 95,01,806 22,59,449 63,31,438 20,30,532 49,86,154 24,42,087 11,64,852 35,79,115 5,19,234 7,93,642 8,65,695 7,47,303 1,50,98,082 11,43,21,105

Total expenditure - previous year 4,09,96,856 2,20,23,650 1,65,64,738 85,58,942 20,36,161 94,20,884 13,66,621 44,85,973 20,43,461 9,00,908 32,55,434 6,99,077 7,25,819 7,81,742 7,78,033 1,36,70,448 11,46,38,301

Net surplus / (deficit) - current year (1,97,402) (11,74,778) 6,66,474 2,07,27,980 (5,59,200) 39,71,705 - 4,69,167 (5,16,787) (1,67,892) 1,53,075 (1,01,177) (5,78,542) (4,01,295) (4,54,888) (15,98,340) 2,18,36,441

Net surplus / ( deficit ) - previous year (5,04,141) 3,98,761 12,98,123 2,35,74,466 (5,24,795) 3,06,414 - 12,56,395 (2,34,261) (1,43,227) 1,58,730 (3,27,943) (4,82,064) (7,81,742) (4,51,152) (10,05,264) 2,35,43,565

Figures in highlighted rows are for the year ended 31/3/2010Note: Sponsorship money received from liquor companies towards Entertainment programmes have been acounted under Entertainment unlike in earlier years. Previous year’s figures have been regrouped accordingly.

42 Bangalore Club

Schedules

Schedule - 21: Significant Accounting Policies

1. Basis of preparation of Financial Statements:

The Financial Statements have been prepared on a going concern basis on historical cost convention and on accrual method of accounting, in accordance with generally accepted accounting principles.

2. Fixed assets and depreciation:

Fixed assets are depreciated at the following rates:

Building(New) 5%

Building(Old) 10%

Furniture&fixtures 15%

Plant&equipment 25%

Computerhardware&software 60%

Itemsofnon-durablenature 100%

Library books Written off over 2 years

Health Club equipment (new) / Internal Road Written off over 3 years

Fixed assets are shown at their written down values after deducting depreciation. Assets valued below Rs. 10,000 are written off on acquisition.

3. Allocation of expenses to Departments:

Working expenses are allocated to various departments on actual basis, wherever such expenses are identifiable.

4. Capitalization of Advance Entrance Fees:

Entrancefeesarecapitalisedongrantofmembershiptotheapplicant.

5. Inventories:

Stocksarephysicallyverifiedattheendofeveryfinancialyear.Forpreparationofaccounts,theactualphysical stock is considered and is valued at cost.

6. Retirement benefits:

Rs. 9,10,612 has been contributed to LIC Gratuity Trust. (Previous year: Rs. 7,19,932)


Schedules

Schedule - 22: Notes on accounts for the year ended 31.03.2011:

1. Contingent liabilities:

a) Claims against the Club not acknowledged as debt: Nil (Previous year : Rs. 8,62,500) b) EstimatedamounttowardscontractsremainingtobeexecutedonCapitalaccount:Nil

(Previous year : Rs. 6,72,448)

2. Income tax:

a) During the financial year 2007-08, the Income tax department had raised a demand of Rs. 3,04,33,790 on Interest received from member banks for the assessment years 2002-03 to 2006-07. As a matter of abundant caution, provision for the entire amount was made in the books ofaccountoftheClubinthefinancialyear2007-08andthishasbeentransferredtoContingencyReserve. Pending disposal of appeals and without prejudice to its outcome, the Club has remitted this demand.

b) As a matter of abundant caution, based on the demands made for assessment years 2002-03 to 2006-07, following amounts have been provided in the books of account towards income tax on interest income:

A.Y. 2007-08 Rs. 80,87,667

A.Y. 2008-09 Rs. 1,47,11,582

A.Y. 2009-10 Rs. 1,62,18,903

A.Y. 2010-11 Rs. 1,40,93,358

During the current financial year, anadditional provisionhasbeenmade for Income taxofRs.1,57,18,478 on Interest received from member banks. All these provisions are shown under Contingency Reserve.

c) The High Court has, for the assessment years 1989-90 and 1990-91 and 1993-94 to 1999-2000, upheld the department’s view that interest income from member banks is taxable. The Club has filedanappealagainsttheseordersbeforetheSupremeCourtandthecasesareyettocomeupfor hearing. The High Court is yet to deal with the appeals for the assessment years 1991-92 and 1992-1993.

d) Pending disposal of all the above appeals, as a matter of abundant caution, an adhoc provision of Rs.1Crorewasmadeinthebooksofaccount,inthefinancialyear2006-07.

3. Service tax:

a) Asper legal opinion, theClub is not liable to payService taxonEntrance fees collected fromapplicants for membership. If the liability arises, the Service tax liability for the period from 01.05.2006 to 31.03.2011 would be Rs. 2,43,77,256. Of this, an amount of Rs. 2,25,58,379 has been collected as Contingency Deposit from the elected members.

44 Bangalore Club

Schedules

b) During 2008-09 the Service tax department has raised a demand of Service tax of Rs. 1,58,12,328 (excluding interest and penalty) for the period from 16.06.2005 to 28.02.2007, on various services being provided by the Club to its members. During the current financial year, the Service taxdepartment has raised a further demand of Rs. 2,60,68,577 for the period from 16.06.2005 to 31.03.2009. As per legal opinion, the Club is not liable to pay Service tax on these services. The Clubhas filedanappeal before theCESTATandhasalso filedawrit petition before theHighCourt challenging these demands. Pending disposal of these appeals, the Club has paid Rs. 1,85,00,000, on account, under protest, towards these demands and the same is shown under the head ‘Disputed taxes paid.’

4. Luxury tax:

Based on favourable orders from the High Court of Karnataka, w.e.f. August 2009, the Club is not paying Luxury tax on some facilities being provided to members. The department has preferred an appeal against the High Court’s order before the Supreme Court. The Club has collected Rs. 87,75,796 by way of contingency deposit on all these services.

5. SundryCreditorsbalancesaresubjecttoconfirmation.

6. Previousyear’sfigureshavebeenregroupedandre-arranged,wherevernecessary.

M B Sreepada Amarnath Kamath M.K.MarattukalamDeputy Secretary (Finance) President & Vice PresidentChairman, Finance Sub-committee

To be read with our report of even date For S. Viswanathan, Chartered Accountants

Place: Bangalore C.N.Srinivasan (Partner) Date: 13th May 2011 Membership No: 18205 Firm Regn.No. 004770-S


Mr. Prasad Bidapa with winners of May Queen Ball contest

World Cup matches screened at the Club

46 Bangalore Club

The General Committee , with regret, places on record the sad demise of the following members during the year:

Permanent Members

SL.NO. AC/NO. NAME EXPIREDON1 S-66 MR. SIRDAR MIRZA 02/04/20102 P-65 MR. PRAHLAD CHABRIA .J 06/04/20103 H-82 MR.HARRYWALTERNORONHA 08/04/20104 P-101 MR. PANTHAKI .J.K. 15/04/20105 B-98 MR.BHASKARSHETTY.K 18/04/20106 K-43 MR. KRISHNAMOORTHY .V.T 30/04/20107 H-9 WG.CDR.A.R.HINDLEY(RETD.) 30/04/20108 M-203 MR. S.S. MANI 02/05/20109 S-314 MR. SHANTHA RAJU G.V. 05/05/201010 M-430 MR. MUNISH APPA 09/05/201011 B-184 MR.K.C.BELLIAPPA 09/05/201012 R-337 MR.RANJANJ.DEOKULE 26/05/201013 S-273 MR.B.SURENDRAMOHAN 28/05/201014 B-129 DR. P.C. BOPAIAH 11/06/201015 C-162 MR.CHANDRASEKHAR.T 02/07/201016 N-73 BRIG. N.M.K. NAYAR 04/07/201017 B-64 MR. B.S. BOPAIAH 04/07/201018 LG-1 MRS.IRISGONSALVES 07/07/201019 B-111 MR.BAJEKALATMARAM 10/07/201020 N-50 MR. M.S.V. NAIDU 11/07/201021 A-173 MR. ARUN SUBRAMANYAM 14/07/201022 S-234 MR. SHANMUGAM . G 30/08/201023 C-38 LT.COL.. C.N. CARIAPA (Retd.) 06/09/201024 A-27 MR. C.P. APPANNA 08/09/201025 P-9 MR.C.G.G.PANICKER 08/09/201026 K-89 AIR. CDR. C.R. KURPAD (Retd.) 10/09/201027 D-33 MR. C.N. DINSHAW 10/09/201028 R-208 MR. H.G. RAO 14/09/201029 M-396 MR. A. MAJMUDAR 10/10/201030 S-271 MR.E.R.SAMPATHKUMAR 17/10/201031 B-187 MR. K.R. BHAGATH 20/10/201032 I-16 MR.INDERJITARORA 28/10/201033 F-12 MR.J.A.FERNANDEZ 13/11/201034 A-66 MR. AMARNATH TANDON 09/12/201035 K-128 MR. N.C. KAMATH 16/12/201036 S-159 MR.SREENIVASARAO.M 18/12/201037 G-209 MR. KRISHAN KUMAR GUPTA 20/12/201038 LD-8 MRS.VERONICAM.A.DAS 28/12/201039 J-47 MR.HANSRAJJUNEJA 04/01/201140 K-153 MAJ.GEN.P.R.KUMAR 16/01/201141 A-219 MR. ALLWYN THOMAS D'SOUZA 22/01/201142 M-297 MR.P.G.K.MENON 02/02/201143 E-23 MR.ESWARPRASAD 10/02/201144 V-77 MR.T.N.VASANTHKUMARREDDY 12/02/2011

obituary


45 S-190 MR.T.T.SHENOY 12/02/201146 B-6 MR.D.J.BALRAJ,IAS(RETD.) 13/02/201147 K-259 MR. S. KUMAR 24/02/201148 LS-91 MRS. SUNDAR KRISHNAMURTI 17/03/201149 T-54 MR.YOGESHNARAYANTIVARY 21/03/201150 B-34 MR.T.A.S.BEDI 29/03/2011

Spouse of deceased Permanent Members

SL.NO. AC/NO. NAME EXPIREDON1 LR-170 MRS.REVAKRISHAN 22/02/20102 LA-172 MRS. ACCAMMA CARIAPPA 24/06/20103 LA-65 MRS.ALEYINDIRAKURUVILLA 25/07/20104 LL-105 MRS.LALITHAMBIKADEVI.R 05/10/20105 LM-143 MRS.MRINALINIREDDY 29/01/20116 LS-50 MRS. SARASWATHI L. BHANDARI 09/02/20117 LJ-32 MRS. JASWANTHY LOGANADAN 17/03/20118 LS-439 MRS. SHASHI BALA RAKHRA 22/03/20119 LD-79 MRS. DIANA J. MADAN 27/03/2011

48 Bangalore Club

Mr. Gopalkrishnan, Director Tata Sons Ltd, inaugurating an exhibition of vintage cars, carriages and motorcycles at the Club.


notes

50 Bangalore Club

Bangalore ClubNo.10, Field Marshal K M Cariappa Road, Bangalore 560 025

Telephone +91 80 4022 0000Fax +91 80 2227 3605

[email protected] | www.bangaloreclub.com

Photograph courtesy: Manoj Masand (www.manojmasand.com)

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