The Everton Football Club Company Limited
INCOME AND EXPENDITURE ACCOUNT
For the Period 6th May, 1962 to 4th May, 1963
5th May, 1962 EXPENDITURE 4th May, 1963 5th May, 1962 INCOME 4th May, 1963
£ s. d. £ s. d. £ s. d. £ s. d. £ s. d.
44,336 10 0 To Players' Wages and Bonuses ... ... ... ... ... ... 67,054 15 0 145,975 3 8 By Gross Gate Receipts: League ... ... ... ... ... ... 190,807 4 4
2,260 0 0 " Players' Benefits ... ... ... ... ... ... ... 4,800 0 0 54,920 16 5 " Receipts from Cup Ties and Other Matches ... ... ... ... 28,441 17 5
40,470 0 0 " Players' Transfer Fees ... ... ... ... ... ... 84,970 0 0 13,516 1 3 " Percentage from League Clubs ... ... ... ... ... ... 17,630 7 6
1,066 7 6 " Medical Fees ... ... ... ... ... ... ... ... 851 11 4 29,402 3 0 " Sales of Season Tickets ... ... ... ... ... ... 37,007 7 6
6,082 2 8 " Training Expenses ... ... ... ... ... ... ... 6,720 5 1 4,281 16 2 " Cup Pool and 4% Refund ... ... ... ... ... ... 4,125 19 6
1,246 0 0 " Players' Requisites ... ... ... ... ... ... ... 907 14 7 -------------- --------------
8,795 13 9 " Travelling and Match Expenses ... ... ... ... ... 10,903 14 11 248,096 0 6 278,012 16 3
2,965 14 10 " Scouting Expenses ... ... ... ... ... ... ... 3,674 14 9 1 10 0 " Share Transfer Fees ... ... ... ... ... ... ... ... ... 16 0 0
2,309 15 7 " Advertising, Printing, Stationery ... ... ... ... ... 3,557 10 8 8,378 4 10 " Sublets Programme, etc ... ... ... ... ... ... 11,324 2 2
7,945 16 2 " Gate Expenses ... ... ... ... ... ... ... 9,300 9 8 2,474 2 11 " Receipts from Canteens and Bars Net ... ... ... ... ... 4,153 8 3
24,811 6 1 " Gate Division to Visitors ... ... ... ... ... ... 28,702 0 0 6,173 7 0 " Receipts from Tours ... ... ... ... ... ... ... -
15,413 3 8 " Gate Percentages to Leagues and Associations ... ... ... ... 10,795 7 5 -------------- 15,477 10 5
17,826 13 4 " Visiting Clubs' Share of Cup Ties ... ... ... ... ... 4,312 15 10 - " Excess of Expenditure over Income ... ... ... ... ... ... ... 19,659 5 2
50,232 10 5 " Ground Expenses and Maintenance ... ... ... ... ... 47,599 12 11
1,357 18 11 " National Insurance ... ... ... ... ... ... ... 1,491 3 7
516 8 9 " Graduated Pensions ... ... ... ... ... ... ... 564 3 10
778 0 6 " Staff Pension Scheme ... ... ... ... ... ... ... 563 13 4
331 11 0 " Rent ... ... ... ... ... ... ... ... ... -
7,057 2 2 " Rates and Water ... ... ... ... ... ... ... 6,824 14 6
1,154 15 0 " Income Tax: Schedule "A" and "B" ... ... ... ... ... 1,087 5 2
2,497 15 8 " Lighting and Heating ... ... ... ... ... ... ... 3,380 10 2
705 16 7 " Telephone ... ... ... ... ... ... ... ... 670 11 3
2,349 4 9 " Insurance General ... ... ... ... ... ... ... 2,389 0 5
6,758 6 3 " Office and Management Expenses ... ... ... ... ... 9,279 2 11
1,207 17 0 " Bank Charges ... ... ... ... ... ... ... ... 455 4 6
787 10 0 " Surveyors' Fees re Rating Appeal ... ... ... ... ... 52 10 0
461 7 3 " Legal Costs and Stamp Duties re Properties, etc ... ... ... 1,390 10 0
302 10 0 " Accountancy ... ... ... ... ... ... ... ... 363 0 0
443 10 0 " Pensions to Past Employees ... ... ... ... ... ... 503 10 0
---------------
252,471 7 10
12,651 17 5 " Excess of Income over Expenditure ... ... ... ... ... -
--------------- -------------- -------------- --------------
£265,123 5 3 £313,165 11 10 £265,123 5 3 £313,165 11 10
============== ============== ============== ==============
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 4th MAY, 1963
5th May, 1962 4th May, 1963 5th May, 1962 4th May, 1963
£ s. d. £ s. d. £ s. d. £ s. d. £ s. d.
- To Excess of Expenditure over Income for Year ... ... ... ... 19,659 5 2 6,533 6 11 By Balance Brought Forward ... ... ... ... ... ... ... ... 41,774 13 10
" Depreciation written off 504 18 5 " Income from Properties ... ... ... ... ... ... ... ... 870 3 3
Floodlighting Installations ... ... ... 4,089 0 0 58 2 2 " Mortgage Interest received ... ... ... ... ... ... ... ... -
Properties ... ... ... ... ... 1,980 0 0 300 0 0 " Profit on Sales of Properties ... ... ... ... ... ... ... 383 3 8
Motor Car ... ... ... ... ... 330 4 7 — " Interest on Transfer Fees ... ... ... ... ... ... ... ... 612 10 0
6,246 0 0 ---------- 6,399 4 7 1,614 16 9 " Tax Refund Receivable ... ... ... ... ... ... ... ... 1,900 0 0
- " Loss on Sale of Car ... ... ... ... ... ... ... 31 0 0 20,000 0 0 " Donations Received ... ... ... ... ... ... ... ... ... 33,594 6 2
97 7 6 " Provision for Dividend to 5th May, 1962 ... ... ... ... - 6,454 19 8 " Rates Reserve not required ... ... ... ... ... ... ... ... -
41,774 13 10 " Balance carried Forward ... ... ... ... ... 53,045 7 2 12,651 17 5 " Excess of Income over Expenditure for year ... ... ... ... ... ... -
-------------- ------------- ------------- -------------
£48,118 1 4 £79,134 16 11 £48,118 1 4 £79,134 16 11
============== ============= ============= =============
BALANCE SHEET
AS AT 4th MAY, 1963
5th May, 1962 CAPITAL AND LIABILITIES 4th May, 1963 5th May, 1962 PROPERTY AND ASSETS 4th May, 1963
£ 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 ... ... ... 66,430 4 11
============= ============== Additions during year ... ... ... ... ... ... ... ... ... 39,637 19 1
Capital Issued -------------
2,210 Shares issued and allotted on which 15/- per Share has been called 106,068 4 0
up and paid ... ... ... ... ... ... 1,657 10 0 Less Sales during year... ... ... ... ... ... ... ... ... 8,066 16 4
290 Bonus Shares issued and allotted to old members ... 290 0 0 -------------
1,947 10 0 ------------ 1,947 10 0 98,001 7 8
Reserves and Undistributed Profits Less Amount written off ... ... ... ... ... ... ... ... 11,880 3 8
41,774 13 10 Profit and Loss Appropriation Account ... ... ... ... ... 53,045 7 2 -------------
-------------- ------------ 56,530 1 3 86,121 4 0
43,722 3 10 54,992 17 2 Stands, Hoardings and Erections at Goodison Park
CURRENT LIABILITIES Book value at 1st May, 1948 ... ... ... ... ... ... 18,225 0 0
22,503 16 9 Trade and Sundry Creditors ... ... ... ... ... ... 21,061 3 0 Less Depreciation written off ... ... ... ... ... ... 10,381 0 0
44,228 17 7 Bank Advances and Loans secured by Mortgages on Properties ... ... 65,144 2 4 7,844 0 0 ------------- 7,844 0 0
228 15 9 Unclaimed Dividends ... ... ... ... ... ... ... 260 7 5 Floodlighting Installations, at Cost ... ... ... ... ... 46,022 9 1
1,347 10 2 Current Taxation ... ... ... ... ... ... ... - Less Amount written off... ... ... ... ... ... ... 25,598 9 1
97 7 6 Dividend for year to 5th May, 1963 ... ... ... ... ... - 24,513 0 0 ------------- 20,424 0 0
Motor Car at Cost ... ... ... ... ... ... ... 1,320 4 7
Less Depreciation written off ... ... ... ... ... ... 330 4 7
531 0 0 ------------- 990 0 0
------------ --------------
89,418 1 3 115,379 4 0
CURRENT ASSETS
22,284 6 7 Sundry Debtors ... ... ... ... ... ... ... 25,635 14 1
108 0 0 Sundry Deposits ... ... ... ... ... ... ... 122 0 0
228 15 9 Midland Bank Dividend Account ... ... ... ... ... ... 260 7 5
89 8 0 Cash in Hand ... ... ... ... ... ... ... ... 61 4 5
------------- 26,079 5 11
-------------- -------------- ------------- --------------
£112,128 11 7 £141,458 9 11 £112,128 11 7 £141,458 9 11
============== ============== ============= ==============
Signed on behalf of the Board,
JOHN MOORES } Directors
E. HOLLAND HUGHES }
W. DICKINSON, Secretary.
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 was 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 to 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 4th May, 1963 and the Profit and Loss Account gives a true and fair
view of the Loss for the year ended-on that date.
22nd May, 1963 Signed ROGERS, BOWLER, RUSHWORTH SMITH & CO.
Chartered Accountants, Liverpool 2.
