The Everton Football Club Company Limited.
INCOME AND EXPENDITURE ACCOUNT
For Period 8th May, 1949 to 6th May, 1950.
EXPENDITURE. INCOME.
7th May, 1949. 6th May, 1950. 7th May, 1949. 6th May, 1950.
£ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d.
22554 18 0 To Players'Wages and Benefits ................................................. 23651 2 0 104180 11 2 By Gate Receipts: Gross 102196 13 0
24050 0 0 " Players' Transfer Fees ..................................................... 1600 0 0 Less:
868 10 8 " Medical Fees............................................................... 713 18 3 15014 10 10 Gate Division to Visitors.. 15573 3 10
17030 12 5 " Match Expenses (including Travelling, Advertising, Printing and Gate Exps.). 18694 2 11 1770 4 3 League %, Subscriptions. etc.3203 13 8
1656 18 10 " Training Expenses and Wages................................................. 2435 15 4 7970 9 4 Entertainment Tax.......... 7543 6 2
4957 15 8 " Ground Expenses and Wages................................................... 5107 14 5 24755 4 5 ______________ _____________ 26320 3 8
555 19 8 " National Insurance.......................................................... 605 3 7 79425 6 9 ______________ _____________ 75876 9 4
814 15 9 " Players' Requisites, Equipment, etc. ....................................... 877 8 6 1065 9 1 " Sublets, Programme. etc.... 1634 8 5
9360 14 6 " Rents, Rates, Taxes, Telephone, Lighting, Water, Insurance and Office Exps.. 11350 4 5 4 5 0 " Share Transfer Fees ....... 1 7 6
380 11 2 " Legal Costs and Accountancy ................................................ 384 12 6 _____________
330 15 0 " Pensions ................................................................... 344 10 0 80495 0 10
284 19 9 " Bank Charges ............................................................... 275 10 3 " Balance: Excess of Expendi-
____________ ____________ ture over Income to Profit
82846 11 5 66040 2 2 2351 10 7 and Loss Account .... -
- " Balance: Excess of Income over Expenditure to Profit and Loss Account....... 11472 3 1
____________ ____________ ______________ ___________
£82846 11 5 £77512 5 3 £82846 11 5 £77512 5 3
____________ ____________ ______________ ___________
PROFIT AND LOSS ACCOUNT
For Period 8th May, 1949 to 6th May, 1950.
7th May, 1949. 6th May, 1950. 7th May, 1949. 6th May, 1950.
£ s. d. £ s. d. £ s. d. £ s. d.
80 6 8 To Dividend declared 4th June, 1948, at 7½% per annum less Income Tax...... - 26826 4 10 By Balance: Surplus at 7th May, 1949, as per Certified Accounts............................................ 21853 9 9
1959 11 6 " Depreciation written off Stands, etc. .................................. 1755 0 0 746 12 6 " Income from Properties ................................................................................. 835 10 7
80 6 8 " Provision for Dividend at 7½% per annum less Income Tax, to 6th May 1950 80 6 8 75 8 0 " Profit on Sale of Property ............................................................................. -
2951 13 0 " Provision for Taxation ................................................. 4000 0 0 7 3 11 " Interest on Purchase Money, re Property ................................................................ -
2351 10 7 " Excess of Expenditure over Income ...................................... - 1621 8 11 " War Damage Commission Payment on Account ............................................................... -
21853 9 9 " Balance carried forward ................................................. 28325 16 9 - " Excess of Income over Expenditure ...................................................................... 11472 3 1
______________ _____________ _____________ _____________
£29276 18 2 £34161 3 5 £29276 18 2 £34161 3 5
______________ _____________ _____________ _____________
BALANCE SHEET AS AT 6th MAY, 1950.
CAPITAL AND LIABILITIES PROPERTY AND ASSETS.
7th May, 1949. 6th May, 1950. 7th May, 1949. 6th May, 1950.
£ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d.
CAPITAL AND RESERVES. FIXED ASSETS.
Capital Nominal: Freehold Land, including
2500 0 0 2500 Shares of £1 each 2500 0 0 Property at cost as per last
____________ _________ 34416 1 11 Balance Sheet.............. 38936 9 11
Capital Issued: Additions, at cost during
2210 Shares issued and 4475 8 0 year ......................... 4475 0 0
and allotted on which 15/- 38936 9 11 ____________ ____________ 43411 9 11
per Share has been Stands, Hoardings and Erec-
1657 10 0 called up and paid 1657 10 0 tions, etc., at Goodison Park,
290 Bonus Shares issued and 18225 0 0 Book value at 1st May, 1948. 18225 0 0
allotted to Old Mem Less: Deprecaition written off
290 0 0 bers fully paid ... 290 0 0 1825 0 0 to date.................. 3465 0 0
- 16400 0 0 ____________ ____________ 14760 0 0
1947 10 0 ____________ 2500 __________ 1947 10 0 1349 11 6 Amplifying Equipment, at cost 1349 11 6
Less: Depreciation written of
Reserves & Undistributed Profits. 134 11 6 to date.................. 249 11 6
Reserves for Rehabilitation 1215 0 0 ____________ ____________ 1100 0 0
1026 9 6 of Practice Ground... 766 17 0 56551 9 11 ____________ _____________ 59271 9 11
21853 9 9 Profit and Loss Account28325 16 9
22879 19 3 ____________ ___________ 29092 13 9
24827 9 3 ____________ ____________ 31040 3 9 CURRENT ASSETS.
CURRENT LIABILITIES. 12 0 0 Sundry Debtors ........... 2678 9 10
2160 18 11 Sundry Creditors...... 6191 19 5 10 5 0 Sundry Deposits........... 10 5 0
4091 9 0 Current Taxation...... 1543 12 0 Midland Bank Ltd. General
320 15 3 Unclaimed Dividends .. 336 6 9 4050 14 6 Account.................. -
Dividends for year to 6th Midland Bank Ltd. Pro.
80 6 8 May, 1950 ....... 80 6 8 - gramme a/c. ............. 155 3 9
Midland Bank, General a/c. 8469 19 4 Midland Bank Ltd. Dividend
6653 9 10 ____________ ____________ 16622 4 2 320 15 3 Account ................. 336 6 9
DEFERRED LIABILITIES. 1175 15 4 Cash in hand ............. 930 19 5
9400 0 0 Provision for Future Taxation 4343 6 0 War Damage Repairs 2180 0 0
21240 0 11 Provision for Deferred Repairs 13557 0 9 5569 10 1 ____________ _____________ 6291 4 9
30640 0 11 ____________ ____________ 17900 6 9
___________ ____________ _____________ _____________
62121 0 0 £65562 14 8 £62121 0 0 £65562 14 8
___________ ____________ _____________ _____________
Signed on behalf of the Board,
Dr. C. S. BAXTER,} THEO. KELLY, Secretary.
Directors.
W. R. WILLIAMS, }
REPORT OF THE AUDITORS TO THE MEMBERS OF THE EVERTON FOOTBALL CLUB COMPANY LIMITED.
We have obtained all the information and explanations which of the best of our knowledge and belief were necessary for the purposes of our audit. In our opinion proper books of account
have been kept by the Company so far as appears from our examination of these Books. We have examined the above Balance Sheet and annexed Profit and Loss Account, which are in
agreement with the Books of Account. In our opinion and to the best of our information and according to the explanations given us, the said Account gives the information required by the
Companies Act, 1948, in the manner so required, and the Balance Sheet gives a true and fair view of the state of the Company's affairs at the 6th May, 1950, and the Profit and Loss Account
gives a true and fair view of the loss for the period ended on that date.
T. THEO. ROGERS, BOWLER & CO.,
30 North John Street, Liverpool, 2. Chartered Accountants.
30th May, 1950.
