The Everton Football Club Company Limited.
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INCOME AND EXPENDITURE ACCOUNT
For Period 6th May, 1957 to 3rd May, 1958
EXPENDITURE. INCOME
5th May, 1957. 3rd May, 1958. 5th May, 1957. 3rd May, 1958.
£ s. d. £ s. d. £ s. d. £ s. d. £ s. d.
26465 18 6 To Players Wages and Bonuses .... .... .... 24349 2 0 83212 5 6 By Gross Gate Receipts, League .... .... .... 94882 13 6
6252 0 0 " Players Benefits .... .... .... .... 6620 0 0 23747 14 0 " Receipts from Cup Ties and Other Matches .... 22781 10 7
965 0 0 " Players Transfer Fees .... .... .... ____ 7644 9 5 " Percentage from League Clubs .... .... 12131 4 11
1645 5 0 " Medical Fees .... .... .... .... .... 741 11 4 14974 17 6 " Sale of Season Tickets .... .... .... 18087 17 0
5942 9 0 " Training Expenses .... .... .... .... 6639 16 1 _______________ ______________
547 17 3 " Players Requisites .... .... .... .... 1528 5 11 129579 6 5 147883 6 0
8747 11 8 " Travelling and Match Expenses .... .... 13631 10 10 --- " Players Transfer Fees .... .... .... .... .... 13450 0 0
1646 13 6 " Advertising, Printing and Stationery .... .... 2164 14 0 1 17 6 " Share Transfer Fees .... .... .... .... .... .... 4 0 0
5047 11 0 " Gate Expenses .... .... .... .... 5447 18 11 1490 0 2 " Sub-lets, Programmes etc. .... .... .... .... .... 506 14 3
10412 1 3 " Gate Division to Visitors .... .... .... 15818 4 8 --- " Profit from Floodlighting Account .... .... .... .... 10174 17 8
6018 5 11 " Gate Percentages to League and Associations .... 5169 3 4 20401 4 11 " Excess of Expenditure over Income .... .... .... .... ---
5375 3 4 " Associations and Visiting Clubs Share of Cup Ties 10753 3 3
29791 18 10 " Ground Expenses and Maintenance .... .... 24222 0 9
976 12 1 " National Insurance .... .... .... .... 1038 16 7
--- " Staff Pension Scheme .... .... .... .... 923 16 3
333 13 0 " Rent .... .... .... .... .... .... 352 15 0
6633 19 8 " Rates and Water .... .... .... .... 6923 0 11
1262 0 0 " Income Tax Schedule 'A' and 'B' .... .... 1262 0 0
2287 9 1 " Lighting and Heating .... .... .... .... 2575 15 5
803 14 11 " Telephone .... .... .... .... .... 696 1 8
1614 11 3 " Insurance .... .... .... .... .... 988 12 10
4211 4 3 " Office Expenses .... .... .... .... 4197 10 8
502 0 0 " Bank Charges .... .... .... .... .... 339 16 6
538 18 1 " Legal Costs and Accountancy .... .... .... 334 12 3
274 11 0 " Pensions .... .... .... .... .... 178 0 0
23176 0 5 " Entertainment Tax .... .... .... .... ---
_____________ _____________
151472 9 0 136896 9 2
---- " Excess of Income over Expenditure .... .... 35122 8 9
_____________ _____________ _____________ _____________
£151472 9 0 £172018 17 11 £151472 9 0 £172018 17 11
_____________ _____________ _____________ _____________
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PROFIT AND LOSS ACCOUNT
AS AT 3rd MAY, 1958.
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5th May, 1957. 3rd May, 1958. 5th May, 1957. 3rd May, 1958.
£ s. d. £ s. d. £ s. d. £ s. d. £ s. d.
To Depreciation written off-- 58499 1 9 By Balance Surplus at 5th May, 1957 .... .... 38208 17 2
191 0 0 Amplifying Equipment .... .... .... .... .... 200 0 0 618 5 10 " Income from Properties .... .... .... 1568 12 6
--- Floodlighting Installation .... .... .... .... 4642 8 9 131 2 0 " Bank Interest Deposit Account .... .... 163 10 0
--- Property Goodison Avenue, Goodison Road and Walton Lane .... 1980 3 8 --- " Excess of Income over Expenditure .... .... 35122 8 9
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.... .... 6822 12 5
97 7 6 " Provision for Dividend at 5% Free of Tax to 3rd May, 1958 .... 97 7 6
350 0 0 " Loss on Sale of Properties .... .... .... .... .... ---
--- " Interest re Floodlighting, Gross .... .... .... .... 243 10 2
20401 4 11 " Excess of Expenditure over Income .... .... .... .... ---
--- " Provision for Income Tax on Current Profits .... 12400 0 0
--- " Provision for Profits Tax .... .... .... 850 0 0
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13250 0 0
--- " Less Refund received re Loss .... .... .... 1262 0 0
_____________ 11988 0 0
38208 17 2 " Balance carried forward .... .... .... 55911 18 4
_____________ ______________ ______________ _____________
£59248 9 7 £ 75063 8 5 £59248 9 7 £ 75063 8 5
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BALANCE SHEET AS AT 3rd MAY, 1958.
CAPITAL AND LIABILITIES. PROPERTY AND ASSETS.
5th May, 1957. 3rd May, 1958. 5th May, 1957. 3rd May, 1958.
£ 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 .... 49530 11 11
2500 0 0 2500 Shares of £1 each.... .... .... .... .... .... 2500 0 0 Additions during year .... .... .... .... .... .... .... 575 10 0
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Capital Issued: 50106 1 11
2210 Shares Issued and Allotted on which 15/- per Share has been Less : Amount written off... .... .... .... .... .... .... 1980 3 8
called up and paid .... .... .... .... 1657 10 0 -----------
1947 10 0 290 Bonus Shares Issued and Allotted to Old Members .... 290 0 0 49530 11 11 48125 18 3
---------- 1947 10 0 Stands, Hoardings and Erections, etc.
Reserves and Undistributed Profits: at Goodison Park, Book Value at 1st May, 1948 .... .... 18225 0 0
38208 17 2 Profit and Loss Appropriation Account .... .... .... .... 55911 18 4 7844 0 0 Less : Depreciation written off .... .... .... .... .... 10381 0 0
------------- ------------ ----------- 7844 0 0
40156 7 2 57859 8 4 Amplifying Equipment a cost .... .... .... .... .... 1349 11 6
CURRENT LIABILITIES. 400 0 0 Less: Depreciation written off .... .... .... .... .... 1149 11 6
8048 10 10 Trade and Sundry Creditors .... .... .... .... 37857 5 11 ------------ 200 0 0
14073 4 9 Midland Bank Ltd. .... .... .... .... .... ---- Floodlighting Installation .... .... .... .... .... 3899 0 0
119 17 8 Unclaimed Dividends .... .... .... .... .... 133 1 5 Additions during year .... .... .... .... .... 42476 8 9
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1129 14 8 Current Taxation .... .... .... .... .... 771 14 0 46375 8 9
97 7 6 Dividend for year to 3/5/58 .... .... .... .... 97 7 6 3899 0 0 Less: Amount written off .... .... .... .... .... 4642 8 9
----------- 38859 8 10 ----------- ------------ 41733 0 0
DEFERRED LIABILITIES. 61673 11 11 ------------
Provision for Future Taxation .... .... .... .... .... 12400 0 0 97902 18 3
CURRENT ASSETS.
1774 3 0 Sundry Debtors .... .... .... .... .... .... 3929 18 0
-- Bank Interest .... .... ... .... .... .... .... 125 3 0
8 0 0 Sundry Deposits .... .... .... .... .... .... 8 0 0
119 17 8 Midland Bank Ltd. Dividend Account .... .... .... .... 133 1 5
Midland Bank Ltd-
Deposit A/c .... ... .... .... £8000 0 0
Current A/c .... .... .... .... 1060 2 1
-- ----------- 6939 17 11
49 10 0 Cash in Hand .... .... .... .... .... .... 79 18 7
---------- 11215 18 11
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£63625 2 7 £109118 17 2 £63625 2 7 £109118 17 2
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Signed on behalf of the Board,
R. E. SEARLE
C. H. ASKHAM} 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 those 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, 1958, and the Profit and Loss Account gives a true and fair view of the Profit for the year ended on that date.
30 North John Street, Liverpool, 2.
19th May, 1958. ROGERS, BOWLER, RUSHWORTH SMITH & CO.,
Chartered Accountants.
