The Everton Football Club Company Limited
INCOME AND EXPENDITURE ACCOUNT
For the Period 7th May, 1961 to 5th May, 1962
EXPENDITURE INCOME
6th May, 1961 5th May, 1962 6th May, 1961 5th May, 1962
£ s. d. £ s. d. £ s. d. £ s. d. £ s. d.
28,195 15 0 To Players’ Wages and Bonuses ... ... ... ... ... ... ... 44,336 10 0 135,867 0 0 By Gross Gate Receipts: League ... ... ... ... ... 145,975 3 8
5,709 13 4 " Players’ Benefits ... ... ... ... ... ... ... ... 2,260 0 0 34,472 10 11 " Receipts from Cup Ties and Other Matches ... ... ... 54,920 16 5
53,300 0 0 " Players’ Transfer Fees ... ... ... ... ... ... ... 40,470 0 0 14,432 14 0 " Percentage from League Clubs ... ... ... ... ... 13,516 1 3
693 4 6 " Medical Fees ... ... ... ... ... ... ... ... ... 1,066 7 6 22,934 14 0 " Sales of Season Tickets ... ... ... ... ... 29,402 3 0
4,710 15 3 " Training Expenses ... ... ... ... ... ... ... ... 6,082 2 8 2,358 7 11 " Cup Pool and 4% Refund ... ... ... ... ... 4,281 16 2
1,126 4 3 " Players’ Requisites ... ... ... ... ... ... ... ... 1,246 0 0 ------------- ------------ 248,096 0 6
9,457 10 1 " Travelling and Match Expenses ... ... ... ... ... ... 8,795 13 9 210,065 6 10
2,504 13 7 " Scouting Expenses ... ... ... ... ... ... ... ... 2,965 14 10 2 15 0 " Share Transfer Fees ... ... ... ... ... ... ... ... 1 10 0
2,068 16 9 " Advertising, Printing, Stationery ... ... ... ... ... ... 2,309 15 7 7,840 1 1 " Sublets Programme, etc. ... ... ... ... 8,378 4 10
6,992 2 2 " Gate Expenses ... ... ... ... ... ... ... ... 7,945 16 2 " Receipts from Canteens and Bars Net ... ... ... ... 2,474 2 11
22,221 12 4 " Gate Division to Visitors ... ... ... ... ... ... ... 24,811 6 1 " Receipts from Tours ... ... ... ... ... ... 6,173 7 0 17,025 14 9
14,473 10 6 " Gate Percentages to Leagues and Association ... ... ... ... ... 15,413 3 8
7,686 3 2 " Visiting Clubs’ Share of Cup Ties ... ... ... ... ... ... 17,826 13 4
13,593 16 8 " Ground Expenses and Maintenance ... ... ... ... ... ... 50,232 10 5
1,150 9 8 " National Insurance ... ... ... ... ... ... ... ... 1,357 18 11
51 14 0 " Graduated Pensions ... ... ... ... ... ... ... ... 516 8 9
515 10 4 " Staff Pension Scheme ... ... ... ... ... ... ... ... 778 0 6
337 7 0 " Rent ... ... ... ... ... ... ... ... ... ... 331 11 0
4,022 8 5 " Rates and Water ... ... ... ... ... ... ... ... 7,057 2 2
1,153 15 0 " Income Tax: Schedule “A” and “B” ... ... ... ... ... ... 1,154 15 0
2,330 4 0 " Lighting and Heating ... ... ... ... ... ... ... ... 2,497 15 8
581 5 8 " Telephone ... ... ... ... ... ... ... ... ... 705 16 7
1,204 8 9 " Insurance General ... ... ... ... ... ... ... ... 2,349 4 9
6,129 18 7 " Office and Management Expenses ... ... ... ... ... ... 6,758 6 3
1,652 0 6 " Bank Charges ... ... ... ... ... ... ... ... ... 1,207 17 0
- " Surveyors’ Fees re Rating Appeal ... ... ... ... ... ... 787 10 0
445 8 6 " Legal Costs and Stamp Duties re Purchase and Sales of Properties ... ... 461 7 3
302 10 0 " Accountancy ... ... ... ... ... ... ... ... ... 302 10 0
243 0 0 " Pensions to Past Employees ... ... ... ... ... ... ... 443 10 0
-------------- -------------
192,853 18 0 252,471 7 10
25,054 4 11 " Excess Income over Expenditure ... ... ... ... ... ... 12,651 17 5
-------------- ------------- -------------- -------------
£217,908 2 11 £265,123 5 3 £217,908 2 11 £265,123 5 3
============== ============= ============== =============
[PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 5th MAY, 1962]
6th May, 1961 5th May, 1962 6th May, 1961 5th May, 1962
£ s. d. £ s. d. £ s. d. £ s. d. £ s. d.
10,133 18 3 To Balance Brought Forward ... ... ... ... ... ... ... - - By Balance Brought Forward ... ... ... ... ... ... ... 6,533 6 11
" Depreciation written off 1,489 19 10 " Income from Properties ... ... ... ... ... ... ... 504 18 5
Floodlighting Installations ... ... ... ... 4,089 0 0 60 12 8 " Mortgage Interest received ... ... ... ... ... ... ... 58 2 2
Properties ... ... ... ... ... ... 1,980 0 0 1,395 13 6 " Profit on Sales of Properties... ... ... ... ... ... ... 300 0 0
Motor Car ... ... ... ... ... ... 177 0 0 3 0 9 " Interest on Sale of Property ... ... ... ... ... ... ... -
12,062 17 11 ----------- 6,246 0 0 823 18 11 " Tax Refund ... ... ... ... ... ... ... ... ... 1,614 16 9
97 7 6 " Provision for Dividend to 5th May, 1962 ... ... ... ... ... 97 7 6 - " Donations Received ... ... ... ... ... ... ... ... 20,000 0 0
6,533 6 11 " Balance carried Forward ... ... ... ... ... ... ... 41,774 13 10 - " Rates Reserve not required ... ... ... ... ... ... ... 6,454 19 8
25,054 4 11 " Excess of Income over Expenditure for year ... ... ... ... ... 12,651 17 5
------------- ------------- ------------- --------------
£28,827 10 7 £48,118 1 4 £28,827 10 7 £48,118 1 4
============ ============= ============= ==============
[BALANCE SHEET
AS AT 5th MAY, 1962]
CAPITAL AND LIABILITIES PROPERTY AND ASSETS
6th May, 1961 5th May, 1962 6th May, 1961 5th May, 1962
£ 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 ... ... 56,193 2 11
============ =========== Additions during year ... ... ... ... ... ... ... ... 17,487 2 0
Capital Issued ------------
2,210 Shares issued and allotted on which 15/- per Share has been called 73,680 4 11
up and paid ... ... ... ... ... ... ... ... 1,657 10 0 Less Sales during ... ... ... ... ... ... ... ... 7,250 0 0
290 Bonus Shares issued and allotted to old members ... ... ... 290 0 0 ------------
1,947 10 0 ----------- 1,947 10 0 66,430 4 11
Reserves and Undistributed Profits Less Amount written off ... ... ... ... ... ... ... 9,900 3 8
6,533 6 11 Profit and Loss Appropriation Account ... ... ... ... ... ... 41,774 13 10 ------------
------------ ------------ 48,272 19 3 56,530 1 3
8,480 16 11 43,722 3 10 Stands, Hoardings and Erections at Goodison Park
CURRENT LIABILITIES Book value at 1st May, 1948 ... ... ... ... ... 18,225 0 0
21,584 7 5 Trade and Sundry Creditors ... ... ... ... ... ... ... 22,503 16 9 Less Depreciation written off ... ... ... ... ... 10,381 0 0
59,104 5 5 Bank Advances and Loans secured by Mortgages on Properties ... ... ... 44,228 17 7 7,844 0 0 ------------ 7,844 0 0
195 5 9 Unclaimed Dividends ... ... ... ... ... ... ... ... 228 15 9 Floodlighting Installations at Cost ... ... ... ... 46,022 9 1
— Current Taxation ... ... ... ... ... ... ... ... 1,347 10 2 Less Amount written off ... ... ... ... ... 21,509 9 1
97 7 6 Dividend for year to 5th May, 1962 ... ... ... ... ... ... 97 7 6 28,602 0 0 ------------ 24,513 0 0
Motor Car at Cost ... ... ... ... ... ... 944 11 8
Less Depreciation written off ... ... ... ... ... 413 11 8
708 0 0 ------------ 531 0 0
------------- ------------
85,426 19 3 89,418 1 3
CURRENT ASSETS
3,721 3 0 Sundry Debtors ... ... ... ... ... ... 22,284 6 7
28 0 0 Sundry Deposits ... ... ... ... ... ... 108 0 0
195 5 9 Midland Bank Dividend Account ... ... ... ... ... 228 15 9
90 15 0 Cash in Hand ... ... ... ... ... ... ... 89 8 0
------------ 22,710 10 4
------------- -------------- ------------- --------------
£89,462 3 0 £112,128 11 7 £89,462 3 0 £112,128 11 7
============= ============== ============= ==============
Signed on behalf of the Board,
JOHN MOORES } Directors W. DICKINSON, Secretary.
E. HOLLAND HUGHES }
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 5th May, 1962 and the Profit and Loss Account gives a true and fair
view of the Profit for the year ended on that date.
22nd May, 1962 Signed ROGERS, BOWLER, RUSHWORTH SMITH & CO.
Chartered Accountants, Liverpool 2.
