The Everton Football Club Company Limited. BALANCE SHEET AS AT 1th MAY, 1948. CAPITAL AND LIABILITIES. PROPERTY AND ASSETS. 1947. 1st May, 1948. 1947. 1st May, 1948. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d NOMINAL CAPITAL- FIXED ASSETS- 2500 0 0 2500 Shares of £1 each... ... ... ... 2500 0 0 Freehold Land, including Property as per last Balance Sheet ... ... ... ... 29711 1 11 ISSUED CAPITAL- Additions during year ... ... ... ... 4750 0 0 2210 Shares issued and allotted on which 29711 1 11 _______________ 34461 1 11 15/- per Share has been called up Stands, Hoardings and Erections, etc., 1657 10 0 and paid ... ... ... ... 1657 10 0 at Goodison Park, at cost, less deprecia- 290 Bonus Shares issued and allotted to tion, as per last Balance Sheet ... ... 20250 0 0 290 0 0 Old Members fully paid ... ... ..290 0 0 Less amount now written off for _____________ ____ _____________ depreciation ................ 2025 0 0 1947 10 0 2500 1947 10 0 _______________ RESERVE ACCOUNTS- 20250 0 0 18225 0 0 12500 0 0 Reserve for Deferred Repairs ... ... 21240 0 11 ________________ _______________ 12000 0 0 Reserve for Taxation ... ... ... ... 13870 15 0 49961 1 11 52686 1 11 Reserve for Rehabilitation of Practice CURRENT ASSETS— 1026 9 6 Ground ... ... ... ... ... 1026 9 6 12 0 0 Sundry Debtors (as valued by the Directors) 12 0 0 _____________ 36137 5 5 12 5 0 Sundry Deposits .... .... .... ... 12 5 0 4447 18 5 SUNDRY CREDITORS.... .... .... .... .... .... 1663 16 8 290 13 8 Midland Bank Ltd. (Dividend Account)... 304 9 6 290 13 8 UNCLAIMED DIVIDENDS .... .... .... .... .... 304 9 6 6341 12 7 Midland Bank Ltd. .... .... .... .... 13755 3 11 24615 13 4 BALANCE to CREDIT of PROFIT & LOSS ACCOUNT 26826 4 10 210 11 9 Cash in hand .... .... .... .... .... 109 6 1 ______________ 14193 4 6 _____________ ________________ ______________ _______________ £56828 4 11 £66879 6 5 £56828 4 11 £66879 6 5 _____________ ________________ ______________ _______________ Signed on behalf of the Board, Dr. C. S. BAXTER,} W. R. WILLIAMS,} Directors. THEO. KELLY, Secretary. AUDITORS' REPORT TO THE MEMBERS OF THE EVERTON FOOTBALL CLUB COMPANY LIMITED. We have audited the above Balance Sheet and have obtained all the information and explanations we have required. 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 at 1st May, 1948, according to the best of our information and the explanations given to us and as shown by the Books of the Company. 30 North John Street, Liverpool, 2 T. THEO. ROGERS, BOWLER & CO., 7th May, 1948. Chartered Accountants.