The Everton Football Club Co. Ltd.
Report of the Directors to the Eighty-third Annual General Meeting
of the Company to be held on Monday, the 25th June, 1962.
The Directors, in submitting the Accounts of the Company for the period ended 5th May, 1962,
beg to report thereon as follows:
The Balance to Credit of Profit and Loss Appropriation Account
brought forward from last year amounted to ... ... £6,533 6 11
Add Income from Properties ... ... ... ... £504 18 5
Mortgage Interest ... ... ... ... ... 58 2 2
Profit on Sale of Properties... ... ... ... 300 0 0
Tax Refund ... ... ... ... ... ... 1,614 16 9
Donations Received ... ... ... ... ... 20,000 0 0
Rate Reserve not now required ... ... ... 6,454 19 8
Excess of Income over Expenditure ... ... ... 12,651 17 5
------------ 41,584 14 5
------------
£48,118 1 4
The Directors have made Provision in the Accounts for:—
Depreciation of Floodlighting Installation ... ... £4,089 0 0
Depreciation of Properties ... ... ... ... 1,980 0 0
Depreciation of Motor Car ... ... ... ... 177 0 0
Dividend for Year to 5th May, 1962, at 5% free of Income
Tax ... ... ... ... ... ... 97 7 6
------------- 6,343 7 6
--------------
Leaving a Credit Balance to be carried forward of ... £41,774 13 10
==============
The retiring Directors are Messrs. R. E. Searle, F. Micklesfield and J. Taylor, who are
eligible and offer themselves for re-election. No other nominations have been received.
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 26th day of June, 1962.
JOHN MOORES,
Chairman
ATTENDANCES OF DIRECTORS AT ORDINARY MEETINGS
(Number of Meetings 21)
Mr. J. C. Sharp ... ... ... 21 Mr. E. Holland Hughes ... ... 20
Mr. N. W. Coffey... ... ... 21 Mr. John Moores ... ... ... 19
Mr. J. Taylor ... ... ... 21 Mr. R. E. Searle... ... ... 18
Mr. F. Micklesfield ... ... 20 Mr. C. E. Balmforth ... ... 18
In addition to the above, 7 Emergency and Sub-Committee Meetings were held.
