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											The Everton Football Club Company Limited.

												BALANCE SHEET AS AT 7th JUNE, 1941.

					LIABILITIES.			 				1940				ASSETS.								1941
		1940								1941			£	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,
				Issued Capital—											 	 2 to 10 Goodison Road, 197
				 2210 Shares issued and allotted									 and 207 to 209 and 221 to 223
													22740	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
				  290 Bonus Shares issued and										  less depreciation, as at 15th
		 		   allotted to Old Members	 							46740	0  0	   June, 1940..................		42066	 0  0
		 290	0  0	   fully paid ... ... ...	 290	 0  0
		____________	 _____				______________
		1947   10  0	 2500						1947	10   0				
																	Less amount now written off for
															 4674	0  0	  depreciation ................		 4206	 0   0
													42066	0   0	_______________						______________	37860	0   0
		 966   18  3	Sundry Creditors...........................      860	18   5
																	Sundry Debtors, as valued by				
													  870	17 10                     the Directors.....................			  502	16  0
		 217   17  0	Unclaimed Dividends...........................	 217	14   5
													   13	 5  0			Sundry Deposits ....................			   13	 5  0
	
				Midland Bank Ltd. General a/c (Hold Deeds
		30565  15  5	 of Land and Property as Security) ......	24090	 7  11		217	17  0			Midland Bank, Ltd-Dividend A/c		  		  217	14  5

		39877	8 10	Balance to Credit of Profit and Loss Account	34337	 1   5
																	Investment £7500   31/2% War
															 7525	 8   0	  Loan at cost...................	 -	-   -
															   80	15   3	4% Consolidated Loan at cost.....	   80	15  3
													 7606	 3  3    ______________						 _____________	   80	15  3
													   61	 5  0			Cash in hand ....................			   39	 0  1
		_____________							________________	______________										_____________
		£73575	9  6							£61453	12   2		£73575	 9  6										£61453	12  2
		_____________							________________	______________										______________

				Signed on behalf of the Board,  W. C. GIBBINS}
								C. S. BAXTER}	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 June, 1941, 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.,
			18th JUNE, 1941.														Chartered Accountants.