The Everton Football Club Company Limited.
INCOME AND EXPENDITURE ACCOUNT
For Period 6th May, 1951 to 3rd May, 1952.
EXPENDITURE. INCOME.
5th May, 1951. 3rd May, 1952. 5th May, 1951. 3rd May 1952.
£ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d.
30826 3 0 To Players' Wages and Benefits .... .... .... .... .... .... .... .... 25424 5 2 94398 2 1 By Gate Receipts: Gross .... 98363 14 4
12635 10 0 " Players' Transfer Fees .... .... .... .... .... .... .... .... - Less:
640 5 10 " Medical Fees .... .... .... .... .... .... .... .... .... .... 456 2 8 9072 18 3 Gate Division to Visitors .... 12564 17 9
15594 6 6 " Match Expenses (including Travelling, Advertising, Printing and Gate Exps.) .... 17344 14 1 3505 2 7 League %, Subscriptions, etc 5694 7 0
3130 14 8 " Training Expenses and Wages .... .... .... .... .... .... .... .... 3945 0 11 7370 9 9 Entertainment Tax.... .... 8000 5 11
8395 15 2 " Ground Expenses and Maintenance.. .... .... .... .... .... .... .... 8123 18 4 19948 10 7 _____________ _______________ 26259 10 8
622 19 3 " National Insurance .... .... .... .... .... .... .... .... .... 630 19 6 74449 11 6 _______________ ______________ 72104 3 8
1369 8 1 " Players' Requisites, Equipment, etc. .... .... .... .... .... .... .... 990 14 8 1648 11 1 " Sublets, Programme, etc. .... 2655 10 10
11529 16 5 " Rents, Rates, Taxes, Telephone, Lighting, Water, Insurance & Office Exps. .... .... 11467 11 8 4 15 0 " Share Transfer Fees .... 9 12 6
378 12 3 " Legal Costs and Accountancy .... .... .... .... .... .... .... 436 0 9 - " Players' Transfer Fees .... 4000 0 0
326 10 0 " Pensions .... .... .... .... .... .... .... .... .... .... 284 0 0
619 19 3 " Bank Charges .... .... .... .... .... .... .... .... .... .... 1010 8 6 " Balance: Excess of Expendi-
______________ ture over Income to
Profit and Loss Account -
- " Balance: Excess of Income over Expenditure to Profit and Loss Account.... .... 8655 10 9 9967 2 10
_____________ _______________ ______________ _______________
£86070 0 5 £78769 7 0 £86070 0 5 £78769 7 0
_____________ _______________ ______________ _______________
PROFIT AND LOSS ACCOUNT
For Period 6th May, 1951 to 3rd May, 1952.
5th May, 1951. 3rd May, 1952. 5th May, 1951. 3rd May, 1952.
£ s. d. £ s. d. £ s. d. £ s. d.
1586 0 0 To Depreciation written off Stands, etc. .... .... .... .... .... .... 1418 0 0 28325 16 9 By Balance: Surplus at 5th May, 1951, as per Certified Accounts .... .... .... 21115 19 10
80 6 8 " Provision for Dividend at 7½% per annum, less Tax, to 3rd May, 1952 .... .... 76 13 8 632 13 11 " Income from Properties .... .... .... .... .... .... .... 926 19 8
- " Provision for Taxation on Current Profits .... .... .... .... .... 3610 0 0 190 18 8 " Profit on Sale of Property .... .... .... .... .... .... .... -
9967 2 10 " Excess of Expenditure over Income .... .... .... .... .... .... - 3600 0 0 " Income Tax Refund and Reserve not required .... .... .... .... .... 2900 0 0
21113 19 10 " Balance carried forward .... .... .... .... .... .... .... 28493 16 7 - " Excess of Income over Expenditure .... .... .... .... .... .... 8655 10 9
_____________ ______________ ______________ _______________
£32749 9 4 £33598 10 3 £32749 9 4 £33598 10 3
_____________ ______________ ______________ _______________
BALANCE SHEET As AT 3rd MAY, 1952.
CAPITAL AND LIABILITIES. PROPERTY AND ASSETS.
5th May, 1951. 3rd May, 1952. 5th May, 1951. 3rd May, 1952.
£ 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
_____________ ______________ 43411 9 11 Balance Sheet .... .... 47814 11 11
Capital Issued: Additions, at cost during
2210 Shares issued and 4403 2 0 year .... .... .... .... 6000 0 0
allotted on which 15/- 47814 11 11 _______________ _____________ 53814 11 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
290 0 0 allotted to Old Mem- Less: Depreciation written off
bers fully paid .... 290 0 0 4941 0 0 to date .... .... .... 6269 0 0
______ 13284 0 0 _______________ _____________ 11956 0 0
1947 10 0 _______________ 2500 _______________ 1947 10 0 1349 11 6 Amplifying Equipment, at cost 1349 11 6
Less: Depreciation written off
Reserves & Undistributed Profits. 359 11 6 to date .... .... .... 449 11 6
Reserve for Rehabilitation of 990 0 0 ______________ ______________ 990 0 0
766 17 0 Practice Ground .... .... 766 17 0 62088 11 11 ______________ ______________ 66670 11 11
21115 19 10 Profit and Loss Account .... 28493 16 7
21882 16 10 ______________ _____________ 29260 13 7
23830 6 10 ______________ _____________ 31208 3 7 CURRENT ASSETS.
CURRENT LIABILITIES. 1546 16 4 Sundry Debtors .... .... 3767 17 6
3551 8 3 Sundry Creditors .... .... 5094 15 6 10 5 0 Sundry Deposits .... .... 10 5 0
960 0 0 Current Taxation .... .... - Midland Bank Ltd., Dividend
351 6 1 Unclaimed Dividends .... 366 19 1 351 6 1 Account .... .... .... 366 19 1
Dividends for year to 3rd 19 4 3 Cash in hand .... .... .... 72 13 7
80 6 8 May, 1952 .... .... .... 76 13 8 2847 18 2 War Damage Repairs .... .... 47 18 2
Midland Bank, General a/c. ____________ ______________
(Secured by charge on 4775 9 10 4265 13 4
23988 3 3 Property) 17466 11 9
28931 4 3 ______________ ______________ 23005 0 0
DEFERRED LIABILITIES.
989 9 0 Provision for Future Taxation 3610 0 0
13113 1 8 Provision for Deferred Repairs 13113 1 8
14102 10 8 ______________ _______________ 16723 1 8
______________ ____________ _____________ ______________
£66864 1 9 £70936 5 3 £66864 1 9 £70936 5 3
______________ _____________ ______________ ________________
Signed on behalf of the Board,
E. GREEN} W. DICKINSON, Secretary.
J. C. SHARP} Directors.
REPORT OF THE AUDITORS TO THE MEMBERS OF THE EVERTON FOOTBALL CLUB COMPANY LIMITED.
We have obtained all the information and explanations which to 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 3rd
May, 1952, and the Profit and Loss Account gives a true and fair view of the profit for the period ended on that date.
30 North John Street, Liverpool, 2. ROGERS, BOWLER, RUSHWORTH SMITH & CO.,
21st May, 1952. Chartered Accountants.
