The Everton Football Club Company Ltd.
Report of the Directors to the Sixty-sixth Annual General Meeting of the Company to be
held on Thursday, the 28th June, 1945
The Director in submitting the Accounts of the Company for the period ending 26th May, 1945, beg to report
thereon, as follows:-
£ s. d. £ s. d.
The balance to credit of Profit and Loss Account brought forward from last year
amounted to ... ... ... ... ... ... ... ... 24337 18 6
Add Excess of Income over Expenditure ... ... ... ... ... 3942 19 2
Add Income from Properties ... ... ... ... ... ... 698 6 11
Add Income from Investments ... ... ... ... ... ... 3 4 6
Add War Damage Commissioners, payments on account ... ... ... 1510 0 0
__________ 6154 10 7
___________
30492 9 1
Less War Damage Repairs incurred during year ... ... ... ... 1459 12 1
Less War Damage Contribution ... ... ... ... ... ... 323 17 9
___________ 1783 9 10
___________
28708 19 3
The Directors have made provision in the Accounts for Depreciation, amounting to ... 2600 0 0
___________
Leaving a Balance of ... ... ... ... ... ... ... ... ... 26108 19 3
Out of this balance the Directors recommend payment of a dividend for the three years to 26th
May, 1945, at the rate of 7½% per annum, less Income Tax, at 10/- in the £, amounting to 219 1 11
___________
Leaving a Balance to be carried forward of ... ... ... ... ... ... £25889 17 4
___________
The Directors desire to record,with very great regret, the loss sustained by the Company, through the death of
Mr. Robert R. Turnbull, who during two periods on the Board, gave his strongest attention to maintaining with
credit, the principles set by his predecessors.
Messrs. W. C. Cuff and R. E. Searle, are the retiring Directors, both of whom are eligible, and offer themselves
for re-election. Mr. Cuff completes 50 years in your service on all sides of Management of the Company, and
during that time has not only seen the team achieve all the honours of the game, but has himself attained the
Presidency of the Football League-an honour given to few.
Nomination have been received on behalf of Messrs. A. N. Denaro, Ernest Edwards, F. W. Lake, and
T. C. Nuttall.
The Auditors, Messrs. T. Theodore Rogers, Bowler & Co., retire, and offer themselves for re-election.
The Transfer Books of the Company will be closed until the 29th day of June, 1945.
W. C. GIBBINS, Chairman.
ATTENDANCE OF DIRECTORS AT ORDINARY MEETINGS
(Number of Meetings, 40).
Mr. W. C. Gibbins ... ... 40 Mr. G. Evans, J. P. ... ... 32
Mr. E. Green ... ... ... 40 Capt. T. Percy ... ... ... 27
Mr. W. R. Williams ... ... 40 Mr. W. C. Cuff ... ... ... 25
Mr. R. E. Searle, C. C. ... ... 39 Mr. R. R. Turnbull (Deceased 8/2/45) 24
Dr. C. S. Baxter ... ... 38
In addition to above 14 Emergency and Sub-Committee Meetings were held.
