The Everton Football Club Co. Ltd.
Report of the Directors to the Seventy-Seventh Annual General Meeting
of the Company to be held on Thursday, the 28th June, 1956.
The Directors in submitting the Accounts of the Company for the period ended
5th May, 1956, beg to report thereon as follows:
The Balance to credit of Profit and Loss Appro-
priation Account brought forward from last
year amounted to .... .... .... .... £52568 1 11
Add Income from Properties .... .... .... 548 4 3
Bank Interest .... .... .... .... 491 13 3
Excess of Income over Expenditure .... .... 7593 4 7
----------- 8633 2 1
---------------
£61201 4 0
The Directors have made provision in the Accounts for:
Depreciation on Stands, etc. .... .... 936 0 0
Dividend for year to 5th May, 1956, at 7½%
less Income Tax.... .... .... .... 83 19 9
Reserve for Income Tax on Current Profits ... 8000 0 0
Adjustment re previous Profits .... .... 500 0 0
Loss on Sale of Property .... .... .... 125 0 0
Loss on Sale of Car .... .... .... .... 57 2 6
---------- 9702 2 3
---------------
Leaving a Balance to be carried forward of .... .... £51499 1 9
---------------
The Directors desire to record, with very great regret, the loss sustained by
the Club through the death of their esteemed colleague, Mr. A. N. DENARO, who
has served the Club faithfully as a Director for several years.
Mr. DENARO was due to retire this year, together with Messrs. R. E.
SEARLE and F. MICKLESFIELD, who are eligible and offer themselves for
re-election.
Nominations have also been received on behalf of Messrs. ROBERT
ARTHUR JOYNSON, 37 Riverbank Road, Liverpool, 19; WILLIAM HERBERT
SAWYER, 16 Hillcrest Road, Liverpool, 23. and JOHN TAYLOR, "Adare,"
Blundell Road, Hightown. The former two NOMINEES have withdrawn, leaving
Messrs. R. E. Searle, F. Micklesfield and J. Taylor for the three vacancies.
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 29th day of
June, 1956.
R. E. SEARLE, Chairman.
ATTENDANCES OF DIRECTORS AT ORDINARY MEETINGS.
(Number of Meetings 39)
Mr. E. Green .... .... .... 39 Mr. J. C. Sharp .... .... .... 38
Mr. C. E. Balmforth .... .... 39 Mr. T. C. Nuttall .... .... 35
Mr. N. W. Coffey .... .... 36 Mr. A. N. Denaro .... .... 24
Mr. F. Micklesfield .... .... 37 Mr. C. H. Askham .... .... 36
Mr. R. E. Searle .... .... 37
In addition to above, 26 Emergency and Sub-Committee Meetings were held.
