The Everton Football Club Company Limited. INCOME AND EXPENDITURE ACCOUNT For Period 8th May, 1955, to 5th May, 1956. EXPENDITURE INCOME 8th May, 1955 5th May, 1956 8th May, 1955 5th May, 1955 £ s. d. £ s. d. £ s. d. £ s. d. 25628 10 0 To Players' Wages and Bonus .... .... .... .... .... .... .... .... 24594 0 0 104206 17 0 By Gross Gate Receipts, League .... .... .... .... 105820 10 2 3500 0 0 " Players' Benefits .... .... .... .... .... .... .... .... .... 5650 0 0 23897 15 9 " Receipts from Cup Ties.... .... .... .... .... 21619 12 6 482 3 11 " Medical Fees .... .... .... .... .... .... .... .... .... .... 353 3 11 8844 14 1 " Percentage from League Clubs.... .... .... .... 7793 11 1 13983 10 2 " Gate Division to Visitors.... .... .... .... .... .... .... .... 13985 19 7 13690 0 0 " Sale of Season Tickets ... .... .... .... .... 13534 15 0 8997 14 5 " Gate Percentage to League and Associations .... .... .... .... .... 7847 16 0 ------------ ------------ 6310 12 7 " Associations' and Visiting Clubs' Share of Gates-Cup ties .... .... 4500 19 2 150639 6 10 148768 8 9 14954 7 6 " Travelling and Match Expenses .... .... .... .... .... .... .... 19882 6 10 550 0 0 " Transfer Fees Received ... .... .... .... .... 14575 0 0 1656 12 1 " Advertising, Printing, Stationery and Postage .... .... .... .... 1454 18 0 1715 4 4 " Sublets, Programmes, etc... .... .... .... .... 1024 1 7 4466 15 9 " Gate Expenses ... .... .... ... .... .... .... .... .... .... 4586 12 2 4 12 6 " Share Transfer Fees ... .... .... .... .... 1 12 6 8300 4 4 " Ground Expenses and Maintenance ... .... .... .... .... .... .... 23568 0 2 826 8 4 " National Insurance .... .... ... .... .... .... .... .... .... 877 0 1 418 13 0 " Rent .... .... ... .... .... ... .... .... .... .... .... .... 418 13 0 3950 6 9 " Rates and Water... .... .... ... .... .... .... .... .... .... 4081 8 1 1341 0 0 " Income Tax Schedule " A " and " B " .... .... .... .... .... .... 1266 10 0 1854 16 2 " Lighting and Heating .... .... ... .... .... .... .... .... .... 1786 14 8 396 11 1 " Telephone .... ... .... .... ... .... .... .... .... .... .... 496 14 2 439 13 1 " Insurance .... ... .... .... ... .... .... .... .... .... .... 2050 17 2 26398 6 5 " Entertainment Tax... .... .... ... .... .... .... .... .... .... 24951 12 1 6198 6 8 " Office Expenses ... .... .... ... .... .... .... .... .... .... 6013 19 8 76 10 9 " Bank Commission ... .... .... ... .... .... .... .... .... .... 405 13 6 963 14 8 " Players' Requisites .... .... ... .... .... .... .... .... .... 2250 15 7 313 11 2 " Legal Costs and Accountancy.... ... .... .... .... .... .... .... 150 19 1 331 13 0 " Pensions .... .... .... .... ... .... .... .... .... .... .... 247 0 0 6136 16 9 " Training Expenses .... .... ... .... .... .... .... .... .... 5404 5 4 ----------- ------------- 137926 18 7 156775 18 3 14982 5 1 " Excess of Income over Expenditure.. .... .... .... .... .... .... 7593 4 7 ----------- ------------- ------------- ------------- £152909 3 8 £164369 2 10 £152909 3 8 £164369 2 10 ----------- ------------- ------------- ------------- PROFIT AND LOSS ACCOUNT AS AT 5th MAY, 1956. 8th May, 1955 5th May, 1956 8th May, 1955 5th May, 1955 £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. To Depreciation written off:- 43123 9 7 By Balance Surplus at 8th May, 1955 ... ... ... ... .. ... 52568 1 11 Stands, Hoardings and Erections... .... .... .... 871 0 0 791 19 0 " Income from Properties ... ... ... ... ... ... .. ... 548 4 3 Amplifying Equipment ... ... .... .... .... .... 65 0 0 14982 5 1 " Excess of Income over Expenditure .. ... ... ... .. ... 7593 4 7 1277 7 6 Motor Car ... ... ... ... .... .... .... .... - 31 15 6 " Bank Interest Deposit Account .... ... ... ... ... ... 491 13 3 ----------- 936 0 0 83 19 9 " Provision for Dividends at7½% less Tax at 8/6d.in,£ to 7th May, 1956 ... 83 19 9 5000 0 0 " Provision for Taxation on Current Profits .... .... 8000 0 0 Add Short- provided 1954 ... .... ... .... 500 0 0 ---------- 8500 0 0 - " Loss on Sale of Property ... .... .... .... .... .... .... 125 0 0 - " Loss on Sale of Car ... ... .... .... .... .... .... .... 57 2 6 52568 1 11 " Balance carried forward ... .... .... .... .... .... .... 51499 1 9 -------------- ------------ ------------- ----------- £58929 9 2 £61201 4 0 £58929 9 2 £61201 4 0 -------------- ------------ ------------- ----------- BALANCE SHEET AS AT 5th MAY 1956. CAPITAL AND LIABILITIES PROPERTY AND ASSETS. 8th May, 1955 5th May, 1956 8th May, 1955 5th May, 1956 £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. CAPITAL AND RESERVES. FIXED ASSETS. Capital Nominal : 56739 11 11 Freehold Land, including Property at cost as per last Balance Sheet 56739 11 11 2500 0 0 2500 Shares of £1 each ... ... ... ... ... ... ... ... ... ... 2500 0 0 Less: Sale during year .... .... .... .... .... .... .. 1925 0 0 ---------- ----------- ------------ Capital Issued : 54814 11 11 2210 Shares Issued and Allotted on which 15/- per Share has been Stands, Hoardings and Erections etc. called up and paid ... ... ... ... ... ... ... 1657 10 0 at Goodison Park, Book Value at 1st May, 1948.. .... .... 18225 0 0 1947 10 0 290 Bonus Shares Issued and Allotted to Old Members ... ... ... ... 290 0 0 8715 0 0 Less : Depreciation written off .... ... ... .. .... ... .... 10381 0 0 ----------- 1947 10 0 ----------- 7844 0 0 Reserves and Undistributed Profits. Amplifying Equipment at cost .... ... ... .. .... .. .... 1349 11 6 656 0 0 Less : Depreciation written off . ... ... .. .... .. .... 758 11 6 52568 1 11 Profit and Loss Appropriation Account ... ... ... ... ... ... ... 51499 1 9 ---------- 591 0 0 Motor Car at cost ... ... .... ... ... .. .... .. .... 1250 0 0 ------------ ------------- 703 2 6 Less : Sale ... ... ... .... ... ... .. ... .. .... 1250 0 0 54515 11 11 53446 11 9 ----------- - CURRENT LIABILITIES ------------ ------------ 7342 4 3 Trade and Sundry Creditors ... .... ... ... ... ... ... ... ... 5283 15 6 66813 14 5 63249 11 11 88 15 0 Unclaimed Dividends .... .... ... ... ... ... ... ... ... 103 0 9 1564 6 8 Current Taxation ... ... ... .... ... ... ... ... ... ... ... 933 12 2 CURRENT ASSETS. 83 19 9 Dividend for year to 5/5/56 .... ... ... ... ... ... ... ... 83 19 9 773 15 8 Sundry Debtors.... .... .... .... .. ... .. ... .. ... ... .. 215 15 6 ------------ 6404 8 2 160 5 0 Sundry Deposits... .... .... .... .. ... .. ... .. ... ... .. 8 0 0 DEFERRED LIABILITIES. 88 15 0 Midland Bank Ltd. Dividend Account.. .. ... .. ... .. ... ... .. 103 0 9 12045 0 0 Provision for Future Taxation.. .... ... ... ... ... ... ... ... 12000 0 0 12635 15 9 Midland Bank Ltd. General Account .. .. ... .. ... .. ... ... 12979 1 7 4842 3 8 Provision for Deferred Repairs .... ... ... ... ... ... ... ... 4842 3 8 9 15 5 Cash in Hand .... .... .. ... .. ... .. ... ... 137 13 10 ----------- 16842 3 8 ------------ 13443 11 8 -------------- -------------- ------------ -------------- £80482 1 3 £76693 3 7 £80482 1 3 £76693 3 7 -------------- -------------- ------------ -------------- Signed on behalf of the Board, H. R. PICKERING, Acting Secretary. R. E. SEARLE } Directors. T. C. NUTTALL } REPORT OF THE AUDITORS TO THE MEMBERS OF THE EVERTON FOOTBALL CLUB COMPANY LIMITED. We have obtained all the information 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 5th May, 1956, 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., 29th May, 1956. Chartered Accountants.