The Everton Football Club Company Limited
INCOME AND EXPENDITURE ACCOUNT
For the Period 8th May, 1960 to 6th May, 1961
EXPENDITURE INCOME
7th May, 1960 6th May, 1961 7th May, 1960 6th May, 1961
£ s. d. £ s. d. £ s. d. £ s. d. £ s. d.
31,358 5 0 To Players' Wages and Bonuses... ... ... ... ... ... ... ... 28,195 15 0 113,442 5 4 By Gross Gate Receipts: League ... ... ... 135,867 0 0
5,110 0 0 " Players' Benefit ... ... ... ... ... ... ... ... ... 5,709 13 4 14,535 5 3 " Receipts from Cup Ties and Other Matches ... 34,472 10 11
84,160 0 0 " Players' Transfer Fees ... ... ... ... ... ... ... ... 53,300 0 0 9,787 17 6 " Percentage from League Clubs... ... ... 14,432 14 0
824 19 9 " Medical Fees ... ... ... ... ... ... ... ... ... ... 693 4 6 16,894 5 0 " Sales of Season Tickets... ... ... ... 22,934 14 0
4,376 4 0 " Training Expenses ... ... ... ... ... ... ... ... ... 4,710 15 3 2,689 13 8 " Cup Pool and 4% Refund ... ... ... ... __
649 15 6 " Players' Requisites ... ... ... ... ... ... ... ... ... 1,126 4 3
11,240 18 1 " Travelling and Match Expenses ... ... ... ... ... ... ... 9,457 10 1 _______________ ______________ 207,706 18 11
3,751 7 6 " Scouting Expenses ... ... ... ... ... ... ... ... ... 2,504 13 7 157,349 6 9
1,724 15 3 " Advertising, Printing and Stationery... ... ... ... ... ... 2,068 16 9 2 7 6 " Share Transfer Fees ... ... ... ... ... ... ... 2 15 0
6,277 3 7 " Gate Expenses ... ... ... ... ... ... ... ... ... ... 6,992 2 2 7,265 3 6 " Sublets Programme, etc. ... ... ... ... ... ... 7,840 1 1
15,049 7 9 " Gate Division to Visitors ... ... ... ... ... ... ... ... 22,221 12 4 49,504 8 0 " Excess of Expenditure over Income ... ... ... ... ... __
1,595 9 7 " Gate Percentages to League and Association ... ... ... ... 12,115 2 7
3,982 9 6 " Visiting Clubs' share of Cup Ties ... ... ... ... ... ... 7,686 3 2
17,216 1 11 " Ground Expenses and Maintenance ... ... ... ... ... ... 13,593 16 8
1,384 7 8 " National Insurance ... ... ... ... ... ... ... ... ... 1,150 9 8
— " Graduated Pension ... ... ... ... ... ... ... ... ... 51 14 0
1,198 10 5 " Staff Pension Scheme ... ... ... ... ... ... ... ... ... 515 10 4
327 7 0 " Rent ... ... ... ... ... ... ... ... ... ... ... ... 337 7 0
9,515 2 9 " Rates and Water ... ... ... ... ... ... ... ... ... ... 4,022 8 5
1,153 15 0 " Income Tax: Schedule 'A' and 'B' ... ... ... ... ... ... 1,153 15 0
2,311 17 2 " Lighting and Heating ... ... ... ... ... ... ... ... ... 2,330 4 0
546 8 7 " Telephone ... ... ... ... ... ... ... ... ... ... ... 581 5 8
1,165 17 3 " Insurance General ... ... ... ... ... ... ... ... ... 1,204 8 9
6,676 5 4 " Office and Management Expenses ... ... ... ... ... ... ... 6,129 18 7
1,278 1 6 " Bank Charges ... ... ... ... ... ... ... ... ... ... 1,652 0 6
682 5 8 " Legal Costs ... ... ... ... ... ... ... ... ... ... 445 8 6
402 10 0 " Accountancy... ... ... ... ... ... ... ... ... ... ... 302 10 0
162 0 0 " Pensions to Past Employees... ... ... ... ... ... ... ... 243 0 0
______________
190,495 10 1
" Excess of Income over Expenditure ... ... ... ... ... ... 25,054 4 11
________________ ______________ ________________ __________________
£214,121 5 9 £215,549 15 0 £214,121 5 9 £215,549 15 0
________________ _______________ ________________ __________________
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 6th MAY, 1961
7th May, 1960 6th May, 1961 7th May, 1960 6th May, 1961
£ s. d. £ s. d. £ s. d. £ s. d. £ s. d.
To Balance Brought Forward ... ... ... ... ... ... 10,133 18 3 41,541 18 6 By Balance ... ... ... ... ... ... ... ... ... ... ... ... ___
" Depreciation written off 1,166 8 11 " Income from Properties ... ... ... ... ... ... ... ... ... 1,489 19 10
Floodlighting Installations... ... ... ... ... 4,089 0 0 22 14 9 " Mortgage Interest received ... ... ... ... ... ... ... ... 60 12 8
Soilwarming Installations ... ... ... ... ... 5,757 6 3 1,159 17 0 " Profit on Sales of Properties... ... ... ... ... ... ... ... 1,395 13 6
Properties ... ... ... ... ... ... ... ... 1,980 0 0 __ " Interest on Sale of Property ... ... ... ... ... ... ... ... 3 0 9
7,240 9 3 Motor Car ... ... ... ... ... ... ... ... 236 11 8 3,000 0 0 " Balance of Tax Refund ... .. ... ... ... ... ... ... ... ... 823 18 11
________________ 12,062 17 11 10,133 18 3 " Balance carried forward .. ... ... ... ... ... ... ... ... ___
97 7 6 " Provision for Dividend to 6th May, 1961... ... ... ... ... ... ... 97 7 6 __ " Excess of Income over Expenditure for year ... ... ... ... ... 25,054 4 11
182 12 8 " Interest on Floodlighting... ... ... ... ... ... ... ... ... ... __
49,504 8 0 " Excess of Expenditure over Income ... ... ... ... ... ... ... ... __
" Balance carried Forward ... ... ... ... ... ... ... ... ... ... 6,533 6 11
_______________ ________________ ______________ ________________
£57,024 17 5 £28,827 10 7 £57,024 17 5 £28,827 10 7
_______________ ________________ _______________ ________________
BALANCE SHEET
AS AT 6th MAY, 1961
CAPITAL AND LIABILITIES PROPERTY AND ASSETS
7th May, 1960 6th May, 1961 7th May, 1960 6th May, 1961
£ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d.
Capital and Reserves FIXED ASSETS
2,500 0 0 Capital: Nominal: 2,500 Shares of £1 each ... ... ... ... ... ... 2,500 0 0 Freehold Land including Property at Cost as per last Balance Sheet 58,553 16 5
_______________ _______________ Additions during year ... ... ... ... ... ... ... ... ... 5,368 13 0
Capital Issued ______________
2,210 Shares issued and allotted on which 15/- per Share has been called 63,922 9 5
up and paid ... ... ... ... ... ... ... ... 1,657 10 0 Less Sales during year... ... ... ... ... ... ... ... ... 7,729 6 6
290 Bonus Shares issued and allotted to old members 290 0 0 ______________
_______________ 1,947 10 0 56,193 2 11
1,947 10 0 52,613 12 9 Less Amount written off ... ... ... ... ... ... ... ... 7,920 3 8
Reserves and Undistributed Profits
___ Profit and Loss Appropriation Account ... ... ... ... ... ... ... 6,533 6 11 _______________
_______________ 48,272 19 3
8,480 16 11 Stands, Hoarding and Erections at Goodison Park
CURRENT LIABILITIES Book value at 1st May, 1948 ... ... ... ... 18,225 0 0
21,662 4 9 Trade and Sundry Creditors ... ... ... ... ... ... ... ... ... 21,584 7 5 7,844 0 0 Less Depreciation written off ... ... ... ... 10,381 0 0
88,895 3 8 Bank Advances and Loans secured by Mortgages on Properties... ... ... 59,104 5 5 ______________ 7,844 0 0
163 19 3 Unclaimed Dividends ... ... ... ... ... ... ... ... ... ... ... 195 5 9 Floodlighting Installations at Cost ... ... ... 46,022 9 1
97 7 6 Dividend for year to 6th May, 1961 ... ... ... ... ... ... ... 97 7 6 32,691 0 0 Less Amount written off ... ... ... ... ... 17,420 9 1
______________ 28,602 0 0
Soilwarming Installation at Cost 8,200 4 9
Less Sales ... ... ... ... ... £100 0 0
Less Amount written off ... ... 8,100 4 9
______________ 8,200 4 9
5,857 6 3 _______________ ___
Motor Car at Cost ... ... ... ... ... ... ... 944 11 8
Less Depreciation written off ... ... ... ... 236 11 8
_______________ 708 0 0
_______________
85,426 19 3
CURRENT ASSETS
3,287 8 1 Sundry Debtors ... ... ... ... ... ... ... 3,721 3 0
8 0 0 Sundry Deposits ... ... ... ... ... ... ... 28 0 0
163 19 3 Midland Bank Dividend Account ... ... ... ... 195 5 9
167 0 7 Cash in Hand... ... ... ... ... ... ... ... 90 15 0
Profit and Loss Account ... ... ... ... ... ___
10,133 18 3 ________________ 4,035 3 9
________________ _______________ ________________ ________________
£112,766 5 2 £89,462 3 0 £112,766 5 2 £89,462 3 0
________________ _______________ ________________ ________________
Signed on behalf of the Board,
N. W. COFFEY }
Directors W. DICKINSON, Secretary.
JOHN MOORES }
REPORT OF THE AUDITORS TO THE MEMBERS OF 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 6th May, 1961 and the Profit and Loss Account gives a true and fair
view of the Profit for the year ended on that date.
23rd May, 1961 Signed ROGERS, BOWLER, RUSHWORTH SMITH & CO.
Chartered Accountants, Liverpool 2.
