The Everton Football Club Company Limited. BALANCE SHEET AS AT 7th MAY, 1938. ______________________________________________________________________________________________________________________________________________________________________________ LIABILITIES. 1937 ASSETS. 1938 1937 1938 £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Freehold Land, including Free- Nominal Capital £2500, in 2500 hold Messuages Nos. 4 to 32 2500 0 0 Shares of £1 each................. 2500 0 0 and 1 to 23 Goodison Avenue, --------------- ------------- 2 to 10 Goodison Road, 197 Issued Capital— and 207 to 209 and 221 to 223 2210 Share issued and allotted 22100 1 5 Walton Lane at cost ....... 22740 1 5 on which 15/- per Share has Stands,Hoardings and Erections, 1657 10 0 been called and paid up... 1657 10 0 &c. at Goodison Park at cost less depreciation, as at 1st 290 Bonus Shares issued and 14006 0 9 May, 1937...................... 12589 19 4 290 0 0 allotted to Old Members 290 0 0 Less Sale of Material, etc. and -------------- ---- -------------- amount now written off for 1947 10 0 2500 1947 10 0 1416 1 5 depreciation................... 1313 19 10 12589 19 4 ------------- -------------- ------------- 11275 19 6 34690 0 9 2108 15 1 Sundry Creditors................................. 4285 17 3 Add Cash Paid on Account of New Stand to Date........... 34891 15 11 46167 15 5 -------------- ------------- 68907 16 10 193 15 9 Unclaimed Dividends.............................. 198 13 6 Sundry Debtors, as valued by 284 17 10 the Directors............... 1088 2 3 13 5 0 Sundry Deposits............. 13 5 0 Midland Bank Ltd. General a/c. (Hold Deeds 193 15 9 Midland Bank, Ltd-Dividend A/c 198 13 6 of Land and Property and War Loan as 10085 9 11 General A/c Security.)....................................... 24034 9 3 10279 5 8 ------------ Investment £7500 3½% War 7525 8 0 Loan at cost................. 7525 8 0 80 15 3 4% Consolidated Loan at cost.. 80 15 3 48674 6 3 Balance to Credit of Profit and Loss Account 47404 11 8 7606 3 3 ------------ ------------- 7606 3 3 50 14 7 Cash in hand................. 57 0 10 ------------- --------------- ------------- ------------- £52924 7 1 £77871 1 8 £52924 7 1 £77871 1 8 ------------- --------------- ------------- -------------- Signed on behalf of the Board, W. C. CUFF} A. COFFEY } Directors. THEO. KELLY, Secretary. AUDITORS' REPORT TO THE MEMBERS OF THE EVERTON FOOTBALL CLUB COMPANY LIMITED. We have examined the Accounts of the Company and the Balance Sheet as at 7th May, 1938, as set out above, and in accordance with the Companies' Act, 1929, beg to report that :— (a) We have obtained all the information and explanations we have required ; and (b) In our opinion such Balance Sheet is properly drawn up so as to exhibit a true and correct view of the state of the Company's affairs, according to the best of our information and the explanations given to us and as shewn by the Books of the Company. 30 NORTH JOHN STREET, LIVERPOOL, T. THEO. ROGERS, BOWLER & CO., 24th May, 1938. Chartered Accountants.