The Everton Football Club Co. Ltd.
Report of the Directors to the Seventy-Sixth Annual General Meeting
of the Company to be held on Friday, the 24th June, 1955.
The Directors in submitting the Accounts of the Company for the period ending
7th May, 1955, beg to report thereon as follows:
The Balance to credit of Profit and Loss Appro-
priation Account brought forward from last
year amounting to .... .... .... .... £43123 9 7
Add Income from Properties .... .... .... £791 19 0
Bank Interest .... .... .... .... .... 31 15 6
Excess of Income over Expenditure .. .... 14982 5 1
--------------- 15805 19 7
----------------
£58929 9 2
The Directors have made provision in the Accounts for:
Depreciation on Stands, etc .... .... .... 1277 7 6
Dividend for year to 7th May, 1955, at 7½%
less income Tax ... .... .... .... 83 19 9
Reserve for Income Tax on Current Profits 5000 0 0
--------------- 6361 7 3
----------------
Leaving a Balance to be carried forward of .... .... £52568 1 11
----------------
The Directors desire to record with very great regret, the loss sustained by
the Club through the death of their esteemed colleague, Dr. C. S. BAXTER, who
served the Club faithfully as a Director for 26 years.
Dr. BAXTER was due to retire this year, together with Messrs. E. GREEN
and J. C. SHARP, who are eligible and offer themselves for re-election.
Nominations have also been received on behalf of Messrs. COLIN
HENRY ASKAM, 4 Cases Street, Liverpool, 1; ROBERT ARTHUR JOYNSON,
37 Riverbank Road, Liverpool, 19; WILLIAM HERBERT SAWYER,
16 Hillcrest Road, Liverpool, 23; JOHN TAYLOR, "Adare," Blundell Road,
Hightown.
Under the provisions of the Companies' Act, 1948, the Auditors Messrs.
Rogers, Bowler, Rushworth Smith & Co., will continue in office.
The Transfer Books of the Company will be closed until the 25th day of
June, 1955.
E. GREEN, Chairman.
ATTENDANCES OF DIRECTORS AT ORDINARY MEETINGS.
(Number of Meetings 35)
Mr. E. Green .... .... .... 35 Mr. R. E. Searle .... .... 33
Mr. C. E. Balmforth .... .... 35 Mr. J. C. Sharp .... .... 32
Mr. N. W. Coffey .... .... 34 Mr. T. C. Nuttall.... .... 31
Mr. F. Micklesfield .... .... 34 Mr. A. N. Denaro .... .... 22
In addition to above 9 Emergency and Sub-Committee Meetings were held.
