The Everton Football Club Company Limited.
INCOME AND EXPENDITURE ACCOUNT
For Period 6th May, 1956 to 4th May, 1957.
EXPENDITURE. INCOME.
5th May, 1956 4th May, 1957. 5th May, 1956. 4th May, 1957.
£ s. d. £ s. d. £ s. d. £ s. d.
24594 0 0 To Players' Wages and Bonuses ... ... ... ... 26465 18 6 105820 10 2 By Gross Gate Receipts, League ... ... ... ... ... 83212 5 6
5650 0 0 " Players' Benefits ... ... ... ... ... ... 6252 0 0 21619 12 6 " Receipts from Cup Ties and Other Matches.. ... ... 23747 14 0
353 3 11 " Medical Fees ... ... ... ... ... ... ... 1645 5 0 7793 11 1 " Percentages from League Clubs .. ... ... ... ... 7644 9 5
-- " Transfer Fees... ... ... ... ... ... ... 965 0 0 13534 15 0 " Sale of Season Tickets... ... ... ... ... ... 14974 17 6
13985 19 7 " Gate Division to Visitors... ... ... ... ... 10412 1 3 -------------- -------------
7847 16 7 " Gate Percentage to League and Associations ... ... 6018 5 11 148768 8 9 129579 6 5
4500 19 2 " Associating and Visiting Clubs'Share of Gate--Cup Ties 5375 3 4 14575 0 0 " Transfer Fees Received ... ... ... ... ... ... ------
19882 6 0 " Travelling and Match Expenses ... ... ... ... 8747 11 8 1024 1 7 " Sublets, Programmes, etc. ... ... ... ... ... 1490 0 2
1454 18 0 " Advertising, Printing, Stationery and Postages ... 1646 16 6 1 12 6 " Share Transfer Fees ... ... ... ... ... ... 1 17 6
4536 12 2 " Gate Expenses... ... ... ... ... ... ... 5047 11 0 -- " Excess of Expenditure over Income ... ... ... ... 20401 4 11
23568 0 2 " Ground Expenses and Maintenance... ... ... ... 29791 18 10
877 0 1 " National Insurance ... ... ... ... ... ... 976 12 1
418 13 0 " Rent ... ... ... ... ... ... ... ... ... 333 13 0
4081 8 1 " Rates and Water ... ... ... ... ... ... 6633 19 8
1266 10 0 " Income Tax Schedule "A" and "B" ... ... ... 1262 0 0
1786 14 8 " Lighting and Heating ... ... ... ... ... 2287 9 1
496 14 2 " Telephone ... ... ... ... ... ... ... 803 14 11
2050 17 2 " Insurances ... ... ... ... ... ... ... 1614 11 3
24951 12 1 " Entertainment Tax ... ... ... ... ... ... 23176 0 5
6013 19 8 " Office Expenses ... ... ... ... ... ... 4211 4 3
405 13 6 " Bank Charges ... ... ... ... ... ... ... 502 0 0
2250 15 7 " Players'Requisites ... ... ... ... ... ... 547 17 3
150 19 1 " Legal Costs and Accountancy ... ... ... ... 538 18 1
247 0 0 " Pensions... ... ... ... ... ... ... ... 274 11 0
5404 5 4 " Training Expenses ... ... ... ... ... ... 5942 9 0
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156775 18 3 151472 9 0
7593 4 7 " Excess of Income over Expenditure ----
-------------- ------------ ------------- --------------
£164369 2 10 £151472 9 0 £164369 2 10 £ 151472 9 0
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PROFIT AND LOSS ACCOUNT
AS AT 4th MAY, 1957.
5th May, 1956 4th May, 1957. £ s. d. 4th May, 1957.
£ s. d. To Depreciation written off:- £ s. d. 5th May, 1956. £ s. d.
871 0 0 " Stands Hoardings and Erections ... ... ... ... ... ... --- 52568 1 11 By Balance Surplus at 5th May, 1956, as per certified Accounts 51499 1 9
65 0 0 " Amplifying Equipment ... ... ... ... ... ... ... ... 191 0 0 -- " Add Tax Provision not required ... ... ... ... ... ... 7000 0 0
83 19 9 " Provision for Dividend at 5% Free of Tax ... ... ... ... 97 7 6 58499 1 9
8500 0 0 " Provision for Taxation on Current Profits ... ... ... ... --- 548 4 3 " Income from Properties ... ... ... ... ... ... ... ... 618 5 10
125 0 0 " Loss on Sale of Property ... ... ... ... ... ... ... 350 0 0 7593 4 7 " Excess of Income over Expenditure ... ... ... ... ... --
57 2 6 " Loss on Sale of Car ... ... ... ... ... ... ... ... --- 491 13 3 " Bank Interest Deposit Account ... ... ... ... ... ... 131 2 0
--- " Excess of Expenditure over Income ... ... ... ... ...20401 4 11
51499 1 9 " Balance carried forward ... ... ... ... ... ... ...38208 17 2
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£61201 4 0 £59248 9 7 £61201 4 0 £59248 9 7
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BALANCE SHEET AS AT 4th MAY, 1957.
CAPITAL AND LIABILITIES. PROPERTY AND ASSETS.
5th May, 1956. 4th May, 1957. 5th May, 1956 4th May, 1957.
£ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d.
CAPITAL AND RESERVES. FIXED ASSETS.
Capital Nominal Freehold Land, including Property at cost as per last Balance Sheet... 54814 11 0
2500 0 0 2500 Shares of £1 each... ... ... ... ... ... 2500 0 0 Additions during year ... ... ... ... ... ... ... ... ... 466 0 0
------------ ----------- -------------
------------ ----------- 55280 11 11
Capital Issued: Less: Sales during year (at cost) ... ... ... ... ... ... ... 5750 0 0
2210 Shares Issued and Alloted on which 15/- per share has been 54814 11 11 49530 11 11
called up and paid ... ... ... ... ... ... 1657 10 0 Stands, Hoardings and Erections, etc.
1947 10 0 290 Bonus Shares Issued and Allotted to Old Members ... 290 0 0 at Goodison Park, Book Value at 1st May, 1948 ... ... ... 18225 0 0
------------1947 10 0 Less: Depreciation written off ... ... ... ... ... ... ... 10381 0 0
Reserves and Undistributed Profits: ----------- 7844 0 0
51499 1 9 Profit and Loss Appropriation Account ... ... ... ... ... 38208 17 2 7844 0 0
------------ ------------ Amplifying Equipment at cost ... ... ... ... ... ... ... ... 1349 11 6
53446 15 9 40156 7 2 Less: Depreciation written off ... ... ... ... ... ... ... 949 11 6
------------ 400 0 0
CURRENT LIABILITIES. 591 0 0 Floodlighting Installation ... ... ... ... ... ... ... ... 3899 0 0
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5283 15 6 Trade and Sundry Creditors ... ... ... ... ... 8018 10 10 63249 11 11 63673 11 11
--- Midland Bank Ltd. ... ... ... ... ... ... ... 14073 4 9 CURRENT ASSETS.
103 0 9 Unclaimed Dividends ... ... ... ... ... ... 119 17 8 215 15 6 Sundry Debtors ... ... ... ... ... ... ... ... ... ... ... 1774 3 0
933 12 2 Current Taxation ... ... ... ... ... ... ... 1129 14 8 8 0 0 Sundry Deposits... ... ... ... ... ... ... ... ... ... ... 8 0 0
83 19 9 Dividend for year to 4/5/57 ... ... ... ... ... 97 7 6 103 0 9 Midland Bank Ltd. Dividend Account... ... ... ... ... ... ... 119 17 8
------------ 12979 1 7 Midland Bank Ltd. General Account ... ... ... ... ... ... ... ---
23468 15 5 137 13 10 Cash in Hand ... ... ... ... ... ... ... ... ... ... ... 49 10 0
DEFERRED LIABILITIES.
12000 0 0 Provision for Future Taxation ... ... ... ... ... ... --
Provision for Deferred Repairs ... ... ... ... ... ... -- --------------
1951 10 8
£76693 3 7 £ 63625 2 7 £ 76693 3 7 £63625 2 7
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Signed on behalf of the Board,
R. E. SEARLE
J. C. SHARP } Directors. W. DICKINSON, Secretary.
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 purpose 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 4th
May, 1957, and the Profit and Loss Account gives a true and fair view of the Loss for the year ended on that date.
30 North John Street, Liverpool, 2. ROGERS, BOWLER, RUSHWORTH SMITH & CO.,
30th May, 1957. Chartered Accountants.
