37
FIJI CHESS FEDERATION 36 th ANNUAL GENERAL MEETING January 31, 2015 at Olympic House, Suva. MINUTES Attendance: Alanis Reyna, Anuththara Perera, Asheel Singh, Auston Koroi, Calvin Prasad, Claudya Koroi, Cydel Terubea, Gloria Sukhu, Goru Arvind, James Zhang, Jeryka Prasad, Keez Terubea, Kelvyn Prasad, Makayla Sukhu, Manoj Kumar, Menash Fareed, Menaka Fareed, Nethmini Perera, Noel A Adricula, Prashil Prakash, Quinton Sukhu, Ravikesh Prasad, Rudr Prasad, Russell Taloga, Simon Yuen, Stanley Zhang, Taniela Railala, Tanvi Prasad, Teliko Koroi, Tianata Terubea, Vinooda Senewiratne, Virgilio De Asa, Zen Borg. Apologies: John Caldiera, Taione Sikivou. Chairperson: Calvin Prasad. Minutes: Goru Arvind, Calvin Prasad. 1. Quorum & Welcome 1.1 Meeting commenced at 2.30pm with Quorum. 1.2 Calvin Prasad welcomed all members to the meeting, and encouraged everyone to actively participate in discussions, and give suggestions and feedback as necessary. 2. Minutes of Last Meeting 2.1 Minutes of AGM on January 25, 2014 was presented by Goru Arvind. 2.2 Gloria Sukhu advised list of attendees is incomplete, and she would provide a list of other attendees. 2.3 Minutes moved to adopt by Manoj Kumar, seconded by Menaka Fareed. 3. President’s Report 3.1 Calvin Prasad presented the 2014 President’s Report (Annex 01) and 2015 Outlook (Annex 02). 3.2 Gloria Sukhu queried use of ‘oversight’ in the last line of the President’s Report. Calvin Prasad stated he would look for a grammar expert to clarify. 4. Finance Report 4.1 Manoj Kumar presented Auditor’s Report and Financial Statements for 2010 to 2013 (Annex 03). 4.2 As there were no queries or comments from the floor, Calvin Prasad requested members to move to adopt the Reports: 4.2.1 Goru Arvind moved to adopt for 2010, seconded by Noel Adricula. 4.2.2 Ravikesh Prasad moved to adopt for 2011, seconded by Menaka Fareed. 4.2.3 Menaka Fareed moved to adopt for 2012, seconded by Teliko Koroi. 4.2.4 Goru Arvind moved to adopt for 2013, seconded by Menaka Fareed. 4.3 Calvin Prasad advised the Audited Accounts for 2014 would be tabled at an ExtraOrdinary General Meeting in March 2015. FCF 2015 AGM Minutes Binder - Page 1 of 37

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Page 1: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

FIJI CHESS FEDERATION 

36th ANNUAL GENERAL MEETING 

January 31, 2015 at Olympic House, Suva. 

MINUTES 

Attendance: Alanis Reyna, Anuththara Perera, Asheel Singh, Auston Koroi, Calvin Prasad, Claudya Koroi, 

Cydel Terubea, Gloria Sukhu, Goru Arvind, James Zhang, Jeryka Prasad, Keez Terubea, Kelvyn Prasad, 

Makayla Sukhu, Manoj Kumar, Menash Fareed, Menaka Fareed, Nethmini Perera, Noel A Adricula, Prashil 

Prakash, Quinton Sukhu, Ravikesh Prasad, Rudr Prasad, Russell Taloga, Simon Yuen, Stanley Zhang, Taniela 

Railala, Tanvi Prasad, Teliko Koroi, Tianata Terubea, Vinooda Senewiratne, Virgilio De Asa, Zen Borg. 

Apologies: John Caldiera, Taione Sikivou. 

Chairperson: Calvin Prasad. 

Minutes: Goru Arvind, Calvin Prasad. 

 

1. Quorum & Welcome 

 

1.1 Meeting commenced at 2.30pm with Quorum. 

1.2 Calvin Prasad welcomed all members to the meeting, and encouraged everyone to actively 

participate in discussions, and give suggestions and feedback as necessary.  

 

2. Minutes of Last Meeting 

 

2.1 Minutes of AGM on January 25, 2014 was presented by Goru Arvind. 

2.2 Gloria Sukhu advised list of attendees is incomplete, and she would provide a list of other 

attendees. 

2.3 Minutes moved to adopt by Manoj Kumar, seconded by Menaka Fareed. 

 

3. President’s Report 

 

3.1 Calvin Prasad presented the 2014 President’s Report (Annex 01) and 2015 Outlook (Annex 02). 

3.2 Gloria Sukhu queried use of ‘oversight’ in the last line of the President’s Report.  Calvin Prasad 

stated he would look for a grammar expert to clarify. 

 

4. Finance Report 

 

4.1 Manoj Kumar presented Auditor’s Report and Financial Statements for 2010 to 2013 (Annex 03). 

4.2 As there were no queries or comments from the floor, Calvin Prasad requested members to 

move to adopt the Reports: 

4.2.1 Goru Arvind moved to adopt for 2010, seconded by Noel Adricula. 

4.2.2 Ravikesh Prasad moved to adopt for 2011, seconded by Menaka Fareed. 

4.2.3 Menaka Fareed moved to adopt for 2012, seconded by Teliko Koroi. 

4.2.4 Goru Arvind moved to adopt for 2013, seconded by Menaka Fareed. 

4.3 Calvin Prasad advised the Audited Accounts for 2014 would be tabled at an Extra‐Ordinary 

General Meeting in March 2015. 

FCF 2015 AGM Minutes Binder - Page 1 of 37

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5. Election of Office Bearers 

 

5.1 Calvin Prasad presented Nominations of Office Bearers confirmed by the Executive Committee.   

5.2 Since the number of nominations did not exceed the number of positions available, the 

following were declared as duly elected: 

5.2.1 President ‐ Calvin Prasad 

5.2.2 Vice‐President ‐ Gloria Sukhu 

5.2.3 Vice‐President ‐  Menaka Fareed 

5.2.4 General Secretary ‐  Goru Arvind 

5.2.5 Assistant General Secretary ‐ Hilda Vukikomoala 

5.2.6 Committee Members ‐ Manoj Kumar, Taione Sikivou, Asheel Singh, Ravikesh 

Prasad, Anirudh Singh, Simon Yuen 

5.3 Since there were no nominations for the position of Treasurer, nominations were called from 

the floor: 

5.3.1 Gloria Sukhu nominated Simon Yuen.  Simon Yuen declined. 

5.3.2 Gloria Sukhu nominated Noel Adricula. Noel Adricula declined. 

5.3.3 Gloria Sukhu nominated Virgilio De Asa.  Virgilio De Asa declined.  

5.3.4 Teliko Koroi nominated Asheel Singh.  Asheel Singh declined. 

5.4 Calvin Prasad stated as there were no nominations for Treasurer, this vacancy would be treated 

as a ‘Casual Vacancy’ and may be filled by the Executive Committee. 

 

6. Appointment of Auditor 

 

6.1 Calvin Prasad nominated Shashi Datt & Associates as Auditor.  Simon Yuen enquired about the 

fees proposed.  Calvin Prasad clarified it was $400 + VAT per year for 2010‐13. 

6.2 Shashi Datt & Associates were appointed as Auditor for the year ending 2014.   

6.3 Simon Yuen suggested getting quotations from other Auditors for the year 2015.  Calvin Prasad 

requested Simon Yuen to assist in this. Simon Yuen agreed. 

 

7. Other Business 

 

7.1 Calvin Prasad advised that FCF had sent 3 nominations for this years’ Fiji Sports Awards: 

7.1.1 Team of the Year – Women’s Olympiad Team 

7.1.2 Young Athlete of the Year Female – Cydel Terubea 

7.1.3 Sportsman of the Year – Calvin Prasad 

7.2 Ravikesh Prasad suggested sponsors for paid advertisements or flyers to market tournaments.  

Calvin Prasad advised that would be taken into consideration. 

7.3 Ravikesh Prasad suggested Certificates for winners in tournaments and results put online.  

Calvin Prasad advised this was approved by the Executive Committee for 2015. 

7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics.  Calvin Prasad advised it 

would be dependent on venue, and would be decided by Committee.  He further suggested USP 

Chess Club and other clubs to take the initiative to organise this. 

FCF 2015 AGM Minutes Binder - Page 2 of 37

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7.5 Calvin Prasad asked members if they preferred Tournaments on Saturdays or Sundays.  

Preference for both indicated by members.  He advised Tappoo City is usually unavailable on 

Saturdays, but Executive Committee would consider member’s vews. 

 

8. Awards and Presentations 

 

8.1 FIDE Trainer certificates and badges were presented to the following recipients: 

8.1.1 FIDE Instructor – Manoj Kumar 

8.1.2 National Instructor – Fredrick Sukhu 

8.1.3 National Instructor – Prashil Prakash 

8.1.4 National Instructor – Noel Adricula 

8.1.5 Development Instructor– Vilisi Sukhu 

8.1.6 Development Instructor – Zen Borg 

8.2 Presentation of prizes for the 2015 Tappoo City Blitz Open was conducted by sponsor Reshmani 

Murthy and Virgilio De Asa. 

8.3 Virgilio De Asa presented Chess Awards to the following recipients: 

8.3.1 Junior Player of the Year – Cydel Terubea 

8.3.2 Most Improved Player of the Year – Zen Borg 

8.3.3 Player of the Year – Calvin Prasad 

 

9. Close of Meeting 

 

9.1 Date of next meeting to be advised. 

9.2 Meeting adjourned at 3.40PM.   

 

 

 

  

 

FCF 2015 AGM Minutes Binder - Page 3 of 37

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FIJI CHESS FEDERATION 

2014 PRESIDENT’S REPORT 

 

I have much pleasure  in presenting  the 2014 President’s Report  in my  capacity as 

Acting  President  of  Fiji  Chess  Federation  (FCF).    I  endeavor  to  capture  the 

accomplishments and challenges of the previous year, and provide an outlook for the 

year ahead.   

In  January,  FCF  held  its  Annual General Meeting  in  Suva,  setting  the  tone  for  an 

exciting year ahead. 

In  February,  Calvin  Prasad  and  Gloria  Sukhu  attended  a  Trainer’s  and  Arbiter’s 

Seminar  in Honiara, Solomon  Islands. The duo successfully attained FIDE  Instructor 

(FI)  and  FIDE  Arbiter  (FA),  and National  Instructor  (NI)  and  FA  titles,  respectively.  

Their participation was made possible by funding from Global Chess.  FCF is grateful 

to the support  from Geoffrey Borg and Casto Abundo, as well as the hospitality of 

the Solomon Islands Chess Federation. 

Fiji Chess was in the national spotlight later in February, with the nomination of five 

players and officials  in various categories of the Fiji Sports Awards.  Menash Fareed 

won  the Young Male Athlete of  the Year award, and Fiji Chess Federation received 

the Prime Minister’s Award. 

In May,  FCF  hosted  a  Trainer’s  Seminar  in  Suva,  attended  by  22  participants.    19 

participants  received Trainer Titles  from FIDE.   Manoj Kumar,  Jashint Maharaj and 

John Caldiera  received FI  titles.   This Seminar was made possible by  funding  from 

Global Chess, and was conducted by Geoffrey Borg. 

Also in May, FCF completed and published a 4‐year Strategic Development Plan.  This 

is available for download from the FCF website. 

In June, FCF sent two  juniors Zen Borg and Jacqueline Masilomani to participate  in 

the 15th ASEAN+ Age Group Championship,  in Macau.   They were accompanied by 

Gloria  Sukhu.    This  trip was made  possible  by  support  from  Ignatius  Leong  and 

Kasparov Chess Foundation Asia‐Pacific (KSFAP). 

Fiji Chess icon Virgilio De Asa officially retired from his position as President, after 35 

years  of  service  to  FCF.    Dr  De  Asa  had  been  the  backbone  of  Fiji  Chess  since 

inception  in  1979,  leading  FCF  for  35  years.    His  prolific  leadership  saw  a  large 

number of local chess players attain International ratings and Titles.  He was retained 

FCF 2015 AGM Annex 01 - 2014 President's Report

FCF 2015 AGM Minutes Binder - Page 4 of 37

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2  

as  Captain  of  the  Olympiad  Open  Team,  and  FIDE  Delegate. 

 

In  July,  FCF  commenced a 4‐year Memorandum of Agreement  (MOA) with KSFAP, 

whereas  the  latter  would  provide  a  grant  towards  Fiji’s  Chess‐In‐Schools  (CIS) 

program. 

In August,  FCF  sent  an Open  and Women’s  Team  to  participate  in  the  41st  Chess 

Olympiad  in  Tromso,  Norway.    The  Open  Team  consisted  Calvin  Prasad, Manoj 

Kumar,  Sanmogam Goundar,  Taione  Sikivou  and  Jasvindar  Singh.    The Women’s 

Team comprised Keiran Lyons, Gloria Sukhu, Hilda Vukikomoala and Arti Sewak. 

Jashint Maharaj  accompanied  the  team  and  became  the  first  Arbiter  from  Fiji  to 

officiate at an Olympiad.   FCF received a Travel Subsidy from the Tromso Olympiad 

Organisers, and a grant from the Fiji National Sports Commission.   

The  Captain’s  report  on  this  event  is  available  from  the  Fiji  Chess website.    The 

highlight  of  the  Olympiad was  the Women’s  Team  defying  all  odds  and  finishing 

higher than their initial ranking. 

FCF  decided  to  rate  all  local  tournaments  in  2014  using  FIDE’s  rating  system, 

primarily due to  inconsistency  in maintaining our own rating  list.   This resulted  in 8 

FIDE  Rapid  events  and  1  FIDE  Standard  event  in  2014.    The  number  of  players 

registered under Fiji grew from 27 (January 1st), to 119 (December 31st). 

The following tournaments were organized in Suva throughout the year: 

Tappoo City Blitz Open; 

Kundan Singh Open (7‐round Swiss/1‐day/FIDR); 

Brijlal Open (7‐round Swiss/1‐day/FIDR); 

Primary & Secondary Schools Chess Championship; 

Mohammed Badshah Memorial Open (7‐round Swiss/1‐day/FIDR); 

Rajnesh Parmeshwar Memorial Open (7‐round Swiss/1‐day/FIDR); 

FMF U20 Chess Championship; 

Fiji Bitter Chess Open (7‐round Swiss/1‐day/FIDR); 

Fiji National Teams Open; and 

SportsWorld Fiji National Chess Championship (9‐round Swiss/5‐day/FIDE) 

In  December,  the  SportsWorld  Fiji  National  Chess  Championship  attracted  33 

participants, and prizes were awarded  in Open, Women and Junior categories.   This 

FIDE‐rated event saw 11‐year old Gor Nahapetyan acquiring a FIDE rating of 1611.  A 

stellar  performance  was  registered  by  16‐year‐old  Cydel  Terubea,  who  defeated 

FCF 2015 AGM Annex 01 - 2014 President's Report

FCF 2015 AGM Minutes Binder - Page 5 of 37

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FCF 2015 AGM Annex 01 - 2014 President's Report

FCF 2015 AGM Minutes Binder - Page 6 of 37

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2015 OUTLOOK 

 

The Fiji Chess Federation (FCF) Executive Committee (EC) has set achievable goals for 

2015.  The purpose of 2015 Outlook is to provide a preview on our plans. 

Governance  takes priority, where  fundamental  changes  are needed  to  ensure our 

transformation into an effective and professional organisation.  Our long‐term goal is 

to ensure FCF is self‐sustainable in four years. 

Junior  Development  and  Chess‐In‐Schools  are  the  new  focus  areas,  with  exciting 

prospects if our plans are implemented successfully.  

Every year, FCF plans to publish: 

A Long‐Term Strategic Plan 

An Annual Business Plan 

A Report against the Annual Business Plan 

While the Long‐Term Strategic Plan would not require constant amendment, it is 

important to keep in mind our changing environment as we plan for the future. 

The Executive Committee at a meeting on January 25, 2015 made a series of new 

resolutions: 

Monthly Finance Report procedures 

Tournament & Grand Prix Regulations, with Prize Schedule 

2015 Annual Business Plan and Budget 2015‐18 

Purchase of Computer and Chess Equipment 

As a new initiative, Minutes of all meetings will be available for download from the 

FCF website, together with all Annexes.  This will be uploaded once Minutes are 

confirmed.  We want Members and Partners to always be aware of the decisions 

made by the EC, and to be assured that such decisions have been made for the 

benefit of Fiji Chess. 

New Activities planned for 2015 are as follows: 

Grand Prix 

16 Tournaments approved, 4 Standard FIDE Events, 7 Rapid FIDE Events 

Specialty Chess trophies for 18 place‐getters per tournament, printed certificates for all participants, other prizes dependent on sponsors 

FCF 2015 AGM Annex 02 - 2015 Outlook

FCF 2015 AGM Minutes Binder - Page 7 of 37

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FCF 2015 AGM Minutes Binder - Page 8 of 37

Page 9: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

PAGE CONTENTS

1 Auditor's Report

2 Balance Sheet

3 Statement of Income and Expenditure

4 Notes to the Accounts

FIJI CHESS FEDERATION

FINANCIAL STATEMENTS

31 December 2010

FCF 2015 AGM Minutes Binder - Page 9 of 37

Page 10: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

FCF 2015 AGM Minutes Binder - Page 10 of 37

Page 11: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

FCF 2015 AGM Minutes Binder - Page 11 of 37

Page 12: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

Page 3

STATEMENT OF INCOME AND EXPENDITURE

FOR THE YEAR ENDED 31 DECEMBER 2010

Notes 2010

($)

Income

Donations 3 7,350

FASANOC Lottery 1,180

Interest Received 39

Miscellaneous 365

Subscriptions 4 290

Tournament Entry Fees 4 530

Tournament Sponsorship 5 2,450

Total Income 12,204

Expenses

Asian Games 8,216

Bank Charges 40

Box Rent 40

Chess Meeting 2,416

Subscriptions 6 2,756

Sydney International open 1,215

Tournament Prizes 7 4,300

Venue Hire 100

Total Expenses 19,083

Net Surplus/ (Deficit) (6,879)

FIJI CHESS FEDERATION

The accompanying notes form part of these accounts.

FCF 2015 AGM Minutes Binder - Page 12 of 37

Page 13: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

Page 4

FIJI CHESS FEDERATION

NOTES TO AND FORMING PART OF THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2010

1)

a)

b)

c) Cash & Cash Equivalents 2010

($)

Cash at BSP A/c 883234- Fiji Chess Federation 3,315

Cash at BSP A/C 3104155- Oceania Chess Fund 5,345 Total Cash & Cash Equivalents 8,659

2) Equipment

As at 31 December 2010

WDV Depreciation WDV

01.01.2010 charge for 31.12.10

the year

($) ($) ($)

Chess Books 392 - 392

Chess Clocks 830 - 830

Chess Sets 1,469 - 1,469

Demo Boards 155 - 155

Fritz 7 83 - 83

2,929 - 2,929

The Federation elected not to claim depreciation expense for the fiscal year under audit.

Summary of Significant Accounting Policies

The principal accounting policies adopted in preparing the accounts are stated to assist in

a general understanding of the accounts. These policies have been consistently applied

except as otherwise stated.

Basis of Preparation

The accounts have been prepared on a cash basis.

Depreciation of Equipment

FCF 2015 AGM Minutes Binder - Page 13 of 37

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Page 4/2

2010

3) Donations ($)

Sanmogam Goundar 1,520

Virgilio De Asa 5,830 Total Donations 7,350

4) Subscriptions & Entry Fees

Calvin Prasad 10

Courts Homecentres 110

Ethan Segal 20

Gloria Sukhu 10

Goru Arvind 10

Hilda Areki 10

Indian Collage 30

John Caldeira 20

Joseph Yuen 10

Kong Yuen Man 10

Krishneel Nair 10

Kundan Singh 240

Labasa Chess 30

Manoj Kumar 10

MGM High School 25

Neel Arora 10

Noel Adricula 10

Rajnesh Parmel 180

Tarun Bala 20

USP 25

Virgilio De Asa 10

Wayne Areki 10 Total Subscriptions & Entry Fees 820

5) Tournament Sponsorships

Fiji Bitter 1,000

FMF 1,000

Kundan Singh 300

Rajesh 150 Total Tournament Sponsorships 2,450

FCF 2015 AGM Minutes Binder - Page 14 of 37

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Page 4/3

2010

6) Subscriptions ($)

FASANOC 20

FIDE 2,736 Total Subscriptions 2,756

7) Tournament Prizes

Fiji Bitter 1,000

FMF 1,000

Kundan Singh 300

Mohd Badshah 2,000 Total Tournament Prizes 4,300

8) Brought Forward- Accumulated Funds

Opening Balance- Fiji Chess Federation A/c 883234 8,816

Opening Balance- Oceania Chess Fund A/c 3104155 6,722

Opening Balance for Equipment 2,929 Total Accumulated Funds 18,467

FCF 2015 AGM Minutes Binder - Page 15 of 37

Page 16: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

PAGE CONTENTS

1 Auditor's Report

2 Balance Sheet

3 Statement of Income and Expenditure

4 Notes to the Accounts

FIJI CHESS FEDERATION

FINANCIAL STATEMENTS

31 December 2011

FCF 2015 AGM Minutes Binder - Page 16 of 37

Page 17: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

FCF 2015 AGM Minutes Binder - Page 17 of 37

Page 18: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

FCF 2015 AGM Minutes Binder - Page 18 of 37

Page 19: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

Page 3

STATEMENT OF INCOME AND EXPENDITURE

FOR THE YEAR ENDED 31 DECEMBER 2011

Notes 2011 2010

($) ($)

Income

Donations 3 24,995 7,350

FASANOC Lottery 1,095 1,180

Interest Received 93 39

Miscellaneous 1,125 365

Subscriptions 4 635 290

Tournament Entry Fees 4 - 530

Tournament Sponsorship 5 3,300 2,450

Total Income 31,243 12,204

Expenses

Arbiter's Seminar Sydney 2,046 -

Asian Games - 8,216

Bank Charges - 40

Box Rent 40 40

Chess Meeting - 2,416

Seminar Presentation 140 -

Subscriptions 6 1,574 2,756

Sydney International open - 1,215 Tournament Prizes 7 5,300 4,300

Venue Hire - 100 Total Expenses 9,100 19,083

Net Surplus/ (Deficit) 22,144 (6,879)

FIJI CHESS FEDERATION

The accompanying notes form part of these accounts.

FCF 2015 AGM Minutes Binder - Page 19 of 37

Page 20: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

FIJI CHESS FEDERATION

NOTES TO AND FORMING PART OF THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2011

1)

a)

b)

c) Cash & Cash Equivalents 2011

($)

Cash at BSP A/c 883234- Fiji Chess Federation 3,284

Cash at BSP A/C 3104155- Oceania Chess Fund 27,519 Total Cash & Cash Equivalents 30,803

2) Equipment

As at 31 December 2011

WDV Depreciation WDV

01.01.2011 charge for 31.12.11

the year

($) ($) ($)

Chess Books 392 - 392

Chess Clocks 830 - 830

Chess Sets 1,469 - 1,469

Demo Boards 155 - 155

Fritz 7 83 - 83

2,929 - 2,929

The Federation elected not to claim depreciation expense for the fiscal year under audit.

Page 4

Summary of Significant Accounting Policies

The principal accounting policies adopted in preparing the accounts are stated to assist in a

general understanding of the accounts. These policies have been consistently applied except

as otherwise stated.

Basis of Preparation

The accounts have been prepared on a cash basis.

Depreciation of Equipment

FCF 2015 AGM Minutes Binder - Page 20 of 37

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Page 4/2

2011 2010

3) Donations ($) ($)

Oceania Chess Federation 1,755 -

Sanmogam Goundar 14,490 1,520

Virgilio De Asa 8,750 5,830 Total Donations 24,995 7,350

4) Subscriptions & Entry Fees

Abhimanyu Krishna 20 -

Calvin Prasad - 10

Courts Homecentres - 110

Et all 100 -

Ethan Segal - 20

FNU 125 -

Gloria Sukhu 10 10

Goru Arvind 10 10

Hilda Areki - 10

Hilda Vukikomo 10 -

Indian Collage - 30

Jai Narayan College 25 -

Jashint Maharaj 150 -

John Caldeira - 20

Joseph Yuen - 10

Jun Adricula 10 -

Kevin Liu 25 -

Kong Yuen Man - 10

Krishneel Nair - 10

Kundan Singh - 240

Labasa Chess 50 30

Manoj Kumar - 10

MGM High School 25 25

Nadi Chess Club 25 -

Navneel Kumar 10 -

Neel Arora - 10

Noel Adricula - 10

Rajiv Raj 10

Rajnesh Parmel - 180

Seru sisarocivi 20 -

Tarun Bala - 20

USP - 25

Virgilio De Asa 10 10

Wayne Areki - 10 Total Subscriptions & Entry Fees 635 820

FCF 2015 AGM Minutes Binder - Page 21 of 37

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Page 4/3

2011 2010

5) Tournament Sponsorships ($) ($)

Fiji Bitter 1,000 1,000

FMF 2,000 1,000

Kundan Singh 300 300

Rajesh - 150 Total Tournament Sponsorships 3,300 2,450

6) Subscriptions

Oceania Chess Confederation 221 -

FASANOC 20 20

FIDE 1,333 2,736 Total Subscriptions 1,574 2,756

7) Tournament Prizes

Fiji Bitter 1,000 1,000

FMF 1,000 1,000

Kundan Singh 300 300

Mohd Badshah 3,000 2,000 Total Tournament Prizes 5,300 4,300

FCF 2015 AGM Minutes Binder - Page 22 of 37

Page 23: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

PAGE CONTENTS

1 Auditor's Report

2 Balance Sheet

3 Statement of Income and Expenditure

4 Notes to the Accounts

FIJI CHESS FEDERATION

FINANCIAL STATEMENTS

31 December 2012

FCF 2015 AGM Minutes Binder - Page 23 of 37

Page 24: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

FCF 2015 AGM Minutes Binder - Page 24 of 37

Page 25: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

FCF 2015 AGM Minutes Binder - Page 25 of 37

Page 26: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

Page 3

STATEMENT OF INCOME AND EXPENDITURE

FOR THE YEAR ENDED 31 DECEMBER 2012

Notes 2012 2011

($) ($)

Income

Chess Olympiad 5,000 - Donations 3 28,752 24,995

FASANOC Lottery - 1,095

Interest Received 75 93

Miscellaneous 985 1,125

Oceania Zonal 265 Subscriptions 4 230 635

Tournament Entry Fees 4 210 -

Tournament Sponsorship 5 3,085 3,300

Total Income 38,602 31,243

Expenses

Arbiter's Seminar Sydney expenses - 2,046

Bank Charges 25 -

Box Rent 40 40

Chess Olympiad expenses 26,993 -

Fiji International expenses 5,947 -

Seminar Presentation - 140 Subscriptions 6 1,097 1,574

Tournament Prizes 7 3,100 5,300

Total Expenses 37,201 9,100

Net Surplus/ (Deficit) 1,401 22,144

FIJI CHESS FEDERATION

The accompanying notes form part of these accounts.

FCF 2015 AGM Minutes Binder - Page 26 of 37

Page 27: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

FIJI CHESS FEDERATION

NOTES TO AND FORMING PART OF THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2012

1)

a)

b)

c) Cash & Cash Equivalents 2012

($)

Cash at BSP A/c 883234- Fiji Chess Federation 443

Cash at BSP A/C 3104155- Oceania Chess Fund 31,761 Total Cash & Cash Equivalents 32,204

2) Equipment

As at 31 December 2012

WDV Depreciation WDV

01.01.2012 charge for 31.12.12

the year

($) ($) ($)

Chess Books 392 - 392

Chess Clocks 830 - 830

Chess Sets 1,469 - 1,469

Demo Boards 155 - 155

Fritz 7 83 - 83

2,929 - 2,929

The Federation elected not to claim depreciation expense for the fiscal year under audit.

Page 4

Summary of Significant Accounting Policies

The principal accounting policies adopted in preparing the accounts are stated to assist in a

general understanding of the accounts. These policies have been consistently applied except

as otherwise stated.

Basis of Preparation

The accounts have been prepared on a cash basis.

Depreciation of Equipment

FCF 2015 AGM Minutes Binder - Page 27 of 37

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Page 4/2

2012 2011

3) Donations ($) ($)

Oceania Chess Federation - 1,755

Virgilio De Asa 25,183 8,750

Sanmogam Goundar 3,569 14,490 Total Donations 28,752 24,995

4) Subscriptions & Entry Fees

Abhimanyu Krishna 0 20

Calvin Prasad 10 0

Darrel Givon 10 0

Edwin Pedraver 10 0

Esha Raicar 20 0

Et all 0 100

FNU 0 125

Gloria Sukhu 10 10

Goru Arvind 10 10

Hilda Vukikomo 0 10

Jai Narayan College 0 25

Jashint Maharaj 0 150

Juan Clomera 10 0

Jun Adricula 10 10

Kavindra Nand 10 0

Kevin Liu 0 25

Krishneel Nair 10 0

Labasa Chess 0 50

Manoj Kumar 10 0

Menash Fareed 20 0

MGM High School 0 25

Mohd Baadshah 210 0

Nadi Chess Club 0 25

Navneel Kumar 0 10

Neel Arora 10 0

Neelam Kumar 10 0

Noel Adricula 10 0

Rajiv Raj 10 10

Seru sisarocivi 0 20

Taione Sikivou 10 0

Teliko Koroi 10 0

Vinooda Senewi 20 0

Virgilio De Asa 10 10 Total Subscriptions & Entry Fees 440 635

FCF 2015 AGM Minutes Binder - Page 28 of 37

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Page 4/3

2012 2011

5) Tournament Sponsorships ($) ($)

Fiji Bitter 1,500 1,000

FMF 1,000 2,000

Kundan Singh 300 300

Team Chess 285 0Total Tournament Sponsorships 3,085 3,300

6) Subscriptions

FASANOC 20 20

FIDE 1,077 1,333

Oceania Chess Confederation 0 221 Total Subscriptions 1,097 1,574

7) Tournament Prizes

Fiji Bitter 1,500 1,000

FMF 1,000 1,000

KSO Prize 300 0

Kundan Singh 0 300

Mohd Badshah 0 3,000

Team Prize 300 0Total Tournament Prizes 3,100 5,300

FCF 2015 AGM Minutes Binder - Page 29 of 37

Page 30: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

PAGE CONTENTS

1 Auditor's Report

2 Balance Sheet

3 Statement of Income and Expenditure

4 Notes to the Accounts

FIJI CHESS FEDERATION

FINANCIAL STATEMENTS

31 December 2013

FCF 2015 AGM Minutes Binder - Page 30 of 37

Page 31: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

FCF 2015 AGM Minutes Binder - Page 31 of 37

Page 32: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

FCF 2015 AGM Minutes Binder - Page 32 of 37

Page 33: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

Page 3

STATEMENT OF INCOME AND EXPENDITURE

FOR THE YEAR ENDED 31 DECEMBER 2013

Notes 2013 2012

($) ($)

Income

Chess Olympiad - 5,000 Donations 3 21,693 28,752

FASANOC Lottery - -

Interest Received 50 75

Miscellaneous 9,617 985

Oceania Zonal 51,191 265 Subscriptions 4 680 230

Tournament Entry Fees 4 - 210

Tournament Sponsorship 5 3,800 3,085

Total Income 87,031 38,602

Expenses

Arbiter's Seminar Sydney - -

Bank Charges 40 25

Box Rent 82 40

Chess Olympiad expenses - 26,993

Fiji International expenses - 5,947

Oceania Zonal expenses 38,601 -

Seminar Presentation - -

Subscriptions 6 3,902 1,097

Tournament Prizes 7 2,800 3,100

World Youth expenses 11,428 -

Total Expenses 56,853 37,201

Net Surplus/ (Deficit) 30,178 1,401

FIJI CHESS FEDERATION

The accompanying notes form part of these accounts.

FCF 2015 AGM Minutes Binder - Page 33 of 37

Page 34: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

FIJI CHESS FEDERATION

NOTES TO AND FORMING PART OF THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

1)

a)

b)

c) Cash & Cash Equivalents 2013

($)

Cash at BSP A/c 883234- Fiji Chess Federation 3,841

Cash at BSP A/C 3104155- Oceania Chess Fund 58,540 Total Cash & Cash Equivalents 62,382

2) Equipment

As at 31 December 2013

WDV Depreciation WDV

01.01.2013 charge for 31.12.13

the year

($) ($) ($)

Chess Books 392 - 392

Chess Clocks 830 - 830

Chess Sets 1,469 - 1,469

Demo Boards 155 - 155

Fritz 7 83 - 83

2,929 - 2,929

The Federation elected not to claim depreciation expense for the fiscal year under audit.

Page 4

Summary of Significant Accounting Policies

The principal accounting policies adopted in preparing the accounts are stated to assist in a

general understanding of the accounts. These policies have been consistently applied except

as otherwise stated.

Basis of Preparation

The accounts have been prepared on a cash basis.

Depreciation of Equipment

FCF 2015 AGM Minutes Binder - Page 34 of 37

Page 35: FIJI CHESS FEDERATION...Prasad, Anirudh Singh, Simon Yuen ... 7.4 Goru Arvind queried whether FCF would resume Sunday Chess Clinics. Calvin Prasad advised it would be dependent on

Page 4/2

2013 2012

3) Donations ($) ($)

Oceania Chess Federation - -

Sanmogam Goundar - 3,569

Virgilio De Asa 21,693 25,183 Total Donations 21,693 28,752

4) Subscriptions & Entry Fees

Auston Koroi 20 -

Calvin Prasad 10 10

Claudya Koroi 20 -

Darrel Givon - 10

Dileetha Kohob 10 -

Edwin Pedraver - 10

Emosi Cawaqa 10 -

Esha Raicar - 20

Gaurav Raicar 10 -

Gloria Sukhu 10 10

Goru Arvind 150 10

Hosa Varea 10 -

Jacquelyn Masilomani 10 -

James Zhang 10 -

Jeryka Prasad 20 -

John Caldeira 10 -

Juan Clomera 10 10

Julianne Masilomani 10 -

Jun Adricula - 10

Kabrina Terubea 10 -

Kavindra Nand - 10

Keez Terubea 10 -

Kelvyn Prasad 20 -

Kevin Caloroy 10 -

Krishneel Nair 10 10

Lin Xin Xie 10 -

Lionel Prasad 10 -

Louise Masilomani 10 -

Makave Chute 20 -

Manoj Kumar 10 10

Menash Fareed 10 20

Mohd Baadshah - 210

FCF 2015 AGM Minutes Binder - Page 35 of 37

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Page 4/3

2013 2012

($) ($)

Neel Arora - 10

Neelam Kumar - 10

Netmini Perera 10 -

Nitish Kannan 10 -

Noel Adricula 10 10

Rajiv Raj - 10

Ravikesh Prasad 10 -

Rishab Prasad 10 -

Rishikul Primary 30 -

Ronald Terubea 10 -

Rudr Ravi Prasad 10 -

Shivaan Sharma 10 -

Stanley Rahul Sharma 10 -

Stanley Zhang 10 -

Taione Sikivou - 10

Teliko Koroi 10 10

USP 30 -

Vashni Bezalel 10 -

Villiame Cawaqa 10 -

Vinooda Senewi - 20

Virgilio De Asa 10 10

Welton Fong 10 -

William Yee 10 -

Zen Borg 10 - Total Subscriptions & Entry Fees 680 440

5) Tournament Sponsorships

Asian Chess - -

Fiji Bitter 1,500 1,500

FMF 2,000 1,000

FSC & ANZ - -

Kundan Singh 300 300

Team Chess - 285 Total Tournament Sponsorships 3,800 3,085

6) Subscriptions

FASANOC 25 20

FIDE 3,537 1,077

Oceania Chess Confederation 340 -

FCF 2015 AGM Minutes Binder - Page 36 of 37

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Total Subscriptions 3,902 1,097

Page 4/4

2013 2012

7) Tournament Prizes ($) ($)

Calton Brewery 1,500 -

Fiji Bitter - 1,500

FMF-U20 1,000 1,000

KSO Prize - 300

Kundan Singh 300 -

Team Prize - 300 Total Tournament Prizes 2,800 3,100

FCF 2015 AGM Minutes Binder - Page 37 of 37