Everton FC 2014 Annual Report & Accounts

W
ELCO
M
E TO

EVERTO
N
FO
OTBALL CLU
B
Company Limited
Annual Report and Accounts 2014
DIRECTORS
WKenwright CBEChairman
JVWoods Deputy Chairman
RI Earl
Sir PDCarter CBE
CHIEF EXECUTIVE
RElstone
DEPUTY CHIEF EXECUTIVE
DBarrett-BaxendaleMBE
COMPANY SECRETARY
GIngles
REGISTERED OFFICE
GoodisonPark
Liverpool L44EL
COMPANY REGISTRATION NUMBER
36624
AUDITOR
DeloitteLLP
CharteredAccountants
&Statutory Auditor
HortonHouse
ExchangeFlags
Liverpool L23PG
BANKERS
Barclays Bank PLC
Liverpool NorthGroup
337/339Stanley Road
Bootle
Liverpool L203EB
REGISTRARS
CapitaIRG
TheRegistry
NorthernHouse
WoodsomePark
Fenay Bridge
Hudderseld
West YorkshireHD80GA
CONTENTS
Chairmans Statement................................ p4-5
SeasonReview............................................. p6-57
Financial andCommercial Review.... p58-61
EvertonintheCommunity.................. p62-63
Accounts...................................................... p64-87
First TeamStatistics................................ p88-91
EVERTON FOOTBALL CLUB COMPANY LIMITED
ANNUAL REPORT & ACCOUNTS 2014 3
A very special season
Withsomany highlights andsomany
memories, this years Chairmans
Statement has presentedmewithonly one
challenge- decidingwhat toleaveout
It was aspecial seasonthat blendedthe
optimismof youth, amuchtalked-about,
boldnewstyle, individual brillianceandan
enduringteamspirit that runs through
every Evertonsquad. It was aseasonthat,
quitesimply, I didnt want toend.
Last seasons campaignbrought aClub
recordPremier Leaguepoints haul - atotal
that, inalmost any other year, wouldhave
sealedtheChampions Leaguefootball
Robertohadsoboldly citedas his ambition
for theClubonhis rst day at thehelm.
Fromthat very rst day, Robertoimmersed
himself inour history andgraspedwhat
makes our Clubsospecial. Takingan
already strongteam, improvingit and
doingit quickly andseamlessly is never
easy inthemoderngamebut Roberto
succeeded. Henurturedandinspired
ateamadmiredby thecommentators,
fearedby our rivals andfully deservingof
aplaceontheEuropeanstagethis season.
Hebrought theSchool of Scienceback.

The deadline day of all deadline days
Wevehadmany dramatic, transfer
deadlinedays but nonecantopAugust
2013. Withinthespaceof only acoupleof
hours, thesolidbaseRobertohadinherited
was transformed. Whilst I oftenhaveto
remindmyself that our Manager has only
beenwithus ayear, suchis thedifference
hehas madeinarelatively short period
of time, thesameis trueof GarethBarry
andJames McCarthy, twonames that
joinedus that day andtwoplayers who
arealready ontheir way intoGoodison
folklore. Andthenof course, alsoonthat
sameday, Romeluarrived. His goal against
Arsenal, his leapintoRobertos arms, and
theout-pouringof joy that triggeredinside
GoodisonPark that day, was oneof my
lastingmemories of agreat season.
Therewas somuchtocelebrateonthe
pitchin2013/14; BryanOviedos goal at
OldTrafford, StevenNaismiths winner
against Chelsea, Ross Barkleys wonder
goal against Newcastle(andNorwichCity
andSwanseaCity andManchester City!)
and, any number of Seamus Coleman
thunderbolts! Our Sligomanhada
stunningseasonandthoroughly deserved
his placeintheprestigious PFATeamof
theYear.
A Samba beat
TheNationheldits breathas players
swappedroyal bluejerseys for theThree
Lions andas Englandfans lookedforward
toseeingRoss competeonthehighest,
international stage, I againreectedon
theoutstandingcontributionmadeby our
Academy toour Club. Its thebest there
is andits madeevenbetter, andmore
relevant, by theway inwhichRoberto
empowers our youngtalent; aphilosophy
that quiteremarkably, but absolutely
deservingly, sawJohnStones almost
joinRoss ontheplanetoBrazil. Inthose
circumstances, wedhavebeenresponsible
for 75%of theEnglandback four, with
Jags andLeightonas mainstays inthe
National teams defence.
Of course, it wasnt just about Roy
Hodgsons boys. Our brilliant Belgians
- RomeluandKevin- arepart of oneof
themost excitinginternational teams in
worldfootball. Andthentherewas Tim,
theultimateprofessional andlong-time
Evertonhero, nowall-Americanhero,
nowonrst nameterms withthemost
powerful manontheplanet. TimHoward
superhero.

CH
AIRM
AN
S
STATEM
EN
T
It was just ashameBryanOviedoand
ArounaKonewereunabletomaketheir
marks onthehighest stage. I hopetheir
chancewill comeagain.
2014/15
Tosay werelookingforwardto2014/15
wouldbeanunderstatement. I amlled
withanexcitement andoptimismthat I
knowis sharedby all our fans. Andthe
best barometer of that optimismhas
beenseasonticket sales. Goingintothe
newseason, anunprecedented97%of
last years seasonticket holders renewed.
Ontopof that, wehaveover 4,000new
seasonticket holders andover 4,500
junior Blues comingintoGoodisonfor
eachgame.
Thesummer of 2014sawus addfurther
quality anddepthtoour squad. Themost
important signingwas therst one anew
extendeddeal for Roberto. Wefollowed
that by securingRomeluandGareth
as permanent signings, akey priority
after thehugeimpact they madelast
season. Romelubecameour Clubrecord
signingandrepresentedanunambiguous
statement of our ambition. Hewasnt the
only international striker tochoosethe
Evertonfamily inthesummer. Samuel
Etoo, oneof themost decoratedand
celebratedplayers inworldfootball, also
backedtheBlues.
Of course, youngbloodis as vital as
newbloodandI was just as excitedto
securethelong-termcommitment of
JohnStones, Ross Barkley andSeamus
Coleman. It tells methat theseworld-class
youngplayers shareour ambition, that
they areas excitedas weareabout our
Manager andthat they areproudto
beEvertonians.
WithEuropaLeaguefootball headingour
way weneededthis additional depthtothe
squadandwecannowlook forwardwith
condencetofacingsomeof thenest
teams fromacross thecontinent bothat
GoodisonPark andas part of somehugely
excitingEuropeanaway trips.
Never standing still
Wearemovingforwardonsomany fronts
off theeldas well as onit. I knowbecause
I seeit. I knowbecauseI hear it. Andyou
toldus thesamething. Last years Premier
LeagueSurvey showedus at, or near the
topandmovingforward, inall areas that
weremeasured. Whilst it didnt comeas a
surprise, of courseI was delightedwhen
97%of youdescribedus as awell run
Club and70%describedus as alistening
Club, comparedtoanaverageof 38%
across our rivals.
Oneareawherewenever scorewell,
unsurprisingly, is sight lines inour stadium.
Over thelast fewweeks youwill have
seenour intentiontoexploreanewhome
at WaltonHall Park. Whilewerestill in
thevery early stages of investigatingthe
potential of this site, our aimis towork
closely withall of our fans toensurethat,
shouldtheopportunity progress, it does
soinaway that will delight Evertonians for
generations tocome. Whilethethought
of possibly leavingour belovedGoodison
Park brings adegreeof sadness for us
all, anopportunity topotentially havea
newpurposebuilt stadiumright inour
heartlandwhichalsoenables us toplay
our part intheregenerationof our local
community is somethingwemust pursue.
Truly, the Peoples Club
Onthesubject of makingapositive
impact locally, EvertonintheCommunity
continues tobetheenvy of thePremier
League. The42community programmes
it operates, day-in, day-out, aredelivered
by themost talentedandmotivatedteam
youcouldever meet. I cannot thank them
enoughnor canI ndthepages and
pages of spacetodothemjustice.
YouhavetoreadEvertoninthe
Communitys Annual Report. This team
really is what thePeoples Clubis all
about. Therecouldnt beamoredeserving
recipient of anMBEthanDeniseBarrett-
Baxendalewhowas recognisedfor her
services totheCommunity this year.
I saluteall my colleagues inEvertonin
theCommunity.
Goodison Greats
As I look forwardtothecomingseason,
weshouldalsotakeamoment tolook
back. Over thelast year, somegreat
servants toour Clubhavemovedon. Id
liketowishall theplayers andstaff who
haveleft us thevery best of luck inthe
next stageof their careers, andif I may,
singleout AlanIrvinewhohas madesuch
asignicant contributiontoour Clubover
many years.
Sadly, somegreat Evertonians left
us forever; Kenny Reawhomade51
appearances for us between1956and
1959; Republic of Irelandinternational,
DonDonavanwhoplayed187games for us
throughout the1950s; Wilf Dixon, whowas
chief coachtoHarry Catterick from1967to
1971; Mick Buckley, whoplayed135games
for us inthe1970s; andSandy Brown,
veteranof over 250games.
Wealsolost thegreatest heroof themall,
for me, DaveHickson, theCannonball Kid.
Davewas everythingI wantedanEverton
centre-forwardtobe; brave, dominant,
condent, aggressiveandadeadly nisher.
Quitesimply, hewas atrueBlue, atrue
hero, atruelegend, agreat man. Wemiss
him.
Our younger fans havetheir ownhero.
It is wonderful tohavehimback and
Imdelightedhes at Robertos side.
DuncanFergusonbelongs at FinchFarm.
AndDuncans not theonly great Number
9 back workingat theEvertontraining
ground. Inaseasonof somany highs,
bringingJoeRoyleback hometowork
withour youngplayers, tocement that
enduringteamspirit, brought so
muchpleasure.
Finally, andmost importantly, Idliketo
nishby thankingyou, theEvertonian,
for makinglast seasonsomemorable.
Year-inandyear-out, homeandaway,
at homeandabroad, your support, your
dedicationandyour passionhumbles me.
Youmakethis Clubsospecial. Youtooare
GoodisonGreats.
Thank youfor your support.
Bill Kenwright
2013/14 SEASO
N
REVIEW
W
ELCO
M
E RO
BERTO
In the summer of 2013, our Chairman
Bill Kenwright was looking for a new manager
for the rst time in over 11 years. Its fair to say that,
once again, he chose very well
STO
N
ES M
AKES
H
IS M
ARK
The rst pre-season xture of the Blues USA
tour saw Everton take on Juventus in San Francisco.
After 90 minutes, Roberto Martinezs men
were held to a 1-1 draw leading to a penalty
shoot-out where Blues teenager John Stones
made a lasting impression with his panenka
style penalty chip, resulting in Evertons rst
victory of their pre-season tour.
BO
U
RN
E A BLU
E
During the Blues pre-season tour of the USA
the team met Hollywood A list star Matt Damon whilst
in Los Angeles. The actor was at the
teams Beverley Hills hotel promoting his
upcoming sci- thriller Elysium and he was
delighted to receive a signed Everton shirt from
Leon Osman, Leighton Baines and Kevin Mirallas.
JU
ST TH
E BEGIN
N
IN
G...
Roberto Martinezs rst Premier League outing as
Everton boss was spent at Carrow Road as he saw
his team draw 2-2 with Norwich City. Ross Barkleys
stunning goal, the rst of Evertons campaign,
showed his intent for the season to come.
DEADLIN
E DAY
Transfer deadline day is always hectic and the close
of the summer window in 2013 was a terric one for
Evertonians. Romelu Lukaku came in on loan and he
was joined by Gareth Barry and James McCarthy.
EVERTO
N
1 CH
ELSEA 0
Everton faced Chelsea in their second home game
for the 2013/14 Premier League Season. A header from
Steven Naismith in the 46th minute
allowed Roberto Martinez to chalk up his rst
Premier League win as Everton manager.
N
EW
CREST U
N
VEILED
Evertons excellent reputation as a club that
listens to its fans was enhanced even further
last year when the supporters were invited to
select a new crest following the decision to change it.
Roberto Martinez was more than happy
to reveal the winning design.
AN
D TH
E W
IN
N
ER IS...
Everton in the Community has a deserved reputation
for being the best in the Premier League. The
programmes and initiatives are regularly acknowledged
by external organisations
and barely a month goes by without EitC
picking up another prestigious award.
RETRO
DAY
Another of our extremely popular themed
match-days was Retro Day when we revived
football traditions from the past such as
old-style scoreboard, a Toffee Lady, a 1970s
style programme coverand Dixie Dean
in the Fan Zone, courtesy of actor Steve Hazlehurst.
BIG SO
CIETY AW
ARD
Everton in the Community were recognised for all of
their hard work in 2013 when they were awarded with a
Big Society Award. The award recognises the charitys
numerous achievements, from providing a huge range
of sporting opportunities to the people of Liverpool and
wider Merseyside, to its successful health, education and
employment projects.
OVIEDO
BABY
Not since the very rst season of the
Premier League in 1992/93 had Everton
recorded a victory at Old Trafford but that
changed in December 2013 when Romelu
Lukaku red the ball across the face of the
goal for Bryan Oviedo to turn into the net.
EVERTO
N
REM
EM
BERS
Ahead of Evertons xture against Southampton in
December a special tribute took place to
honour Evertonians who lost their lives in 2013.
During a minutes applause, supporters in the
Park End were asked to display a fan mosaic by turning
over the blue cards left on their seats.
BLU
E CRIM
BO
Its beginning to look a lot like Christmas! Our 2013
Blue Crimbo initiative was another great success with
the likes of Duncan Ferguson, Sylvain Distin and David
Unsworth paying surprise festive visits to unsuspecting
Evertonians. Roberto Martinez played his part when he
visited 93-year old Annie Carson!
CH
ILDS PLAY
The 2013/14 Premier League season saw
Everton celebrate a number of Memorable
Match Days with Junior Fans Day among
the most popular. Young Evertonians fullled various
roles when we welcomed Norwich City to Goodison
and we even had a mini-Roberto!
#
EFCfanXI
Everton and Umbro have enjoyed plenty
of success together over the years and so the
renewal of the relationship was very well received
by the supporters. Indeed, the fans were part of
the deal reveal in Manchester when they travelled
from Finch Farm to Umbros Manchester base.
TOASTIN
G SU
CCESS
Evertons relationship with our main partner
Chang is one that we are all very proud of.
The longest running partnership in English
football was extended in 2014 when an
extension to the existing arrangement
was signed, sealed and delivered in Bangkok.
BREAKIN
G GRO
U
N
D
Robert Elstone, Denise Barrett-Baxendale and
Free School Principal Adrian Packer joined
students to celebrate breaking ground on the
new Everton Free School site on Spellow Lane.
A STAR IS BO
RN
The 3-0 demolition of Newcastle United in March
was rated as one of Evertons nest displays from an
outstanding season. The Geordies were simply no
match for a rampant Blues side and the evening saw
one of the goals of the season when Ross Barkley ran
70-yards with the ball before smashing it into the net.
M
ERSEYSIDE U
N
ITED
Since the Hillsborough tragedy, Evertonians have stood
shoulder to shoulder with our friends
from across Stanley Park. On the occasion of the
25th anniversary of the disaster, Goodison Park staged
a memorial service and before the following home
game 96 Everton and Liverpool scarves
were tied together as a symbol of unity.
SPECIAL DELIVERY
To celebrate the year of our formation, Everton
distributed 1878 Easter Eggs across the region to
deserving fan-nominated community groups and
Everton in the Community programmes. John Stones
took his chocolate batch to Whiston Hospital.
FIGH
TIN
G FO
R FO
U
RTH
Everton produced one of the performances of
the season to crush Arsenal and move to within
a single point of the fourth-placed Gunners in
the race for Champions League qualication.
On an afternoon that was always going to test just how
much Roberto Martinezs men were up for the ght,
they made their intentions crystal clear.
BLU
ES M
AKE A SPLASH
One of the most eagerly-anticipated periods in
the Thai calendar is welcoming in the New Year
with the annual Water Festival Songkran. As usual,
the players joined in the celebrations when
John Stones, Steven Naismith and James McCarthy
enjoyed an impromptu water-ght in the
Finch Farm swimming pool.
DIXIES W
ALL O
F FAM
E
One of the rst sights people see at Goodison
is the magnicent Dixie Dean statue and the
clubs greatest ever goalscorer is now anked
by a Wall of Fame made up of commemorative
plaques. It all adds up to a splendid walkway
entrance to the Park End area of the stadium.
SEAM
U
S
SCO
O
PS DO
U
BLE
The End of Season Awards evening in the
magnicent St Georges Hall was a night of triumph
for Seamus Coleman. The Irish defender collected
the Player of the Year award and was voted by his
teammates as the Players Player of the Year.
YO
U
N
G GU
N
S GLO
RY
Everton Under-18s were crowned the National
Academy Premier League champions for 2013/14.
Kevin Sheedys boys defeated Manchester City in the
play-off nal at Goodison Park to formally announce
themselves as the best in the country!
2014 2013
LEAGUE POSITION 5th 6th
AVERAGE LEAGUE ATTENDANCE 37,732 36,356
REVENUE 120.5m 86.4m
WAGES/TURNOVER RATIO 58% 73%
OPERATING PROFIT BEFORE PLAYER TRADING 23.7m 0.7m
PROFIT AFTER TAX 28.2m 1.6m
NET LIABILITIES (14.5m) (42.7m)
NET DEBT (28.1m) (45.3m)
TRADING PERFORMANCE
TheClubachievedrecordturnover in
2013/14, as aresult of increases achieved
inbroadcast, gatereceipts and
sponsorshipincome.
Broadcast incomeincreasedby 32.8m
as adirect result of thePremier Leagues
newthreeyear broadcastingdeal that
commencedin2013/14. Thefthplace
nishinthePremier League(2013:
sixthplacenish) andanincreaseinlive
televisedPremier Leaguematches with16
involvingEverton(2013: 14livematches)
helpedbroadcast incomereacharecord
highof 88.5m(2013: 55.7m). In2013/14
Evertonreceivedtheseventhhighest
Premier Leaguebroadcastingdistribution
(seventhin2012/13).
TheClubs fthplacenishinthePremier
Leaguein2013/14was matchedby
averageleagueattendances increasing
from36,356in2012/13to37,732in2013/14.
Theseattendances havecontributed
togatereceipts increasingby 1.9mto
19.3min2014.
Underpinningtheincreaseingatereceipts
was asuccessful seasonticket campaign.
In2013/14, theClubsecuredalmost 25,000
seasonticket holders and1,000morethan
in2012/13, withmany youngfans enjoying
theexceptional valuefor money offered
by theClubs 95seasonticket for junior
school children. This pricemeans anadult
andchildcanenjoy Premier Leagueaction
for under 30per gameunderliningthe
Clubs ongoingcommitment toaffordable
pricingandfuturegenerations.
TheClubs sponsorship, advertisingand
merchandisingrevenuehas alsoincreased
from7.6min2013to8.4min2014due
tothelongtermsupport of key partners
suchas ChangandKitbag. Thedecrease
inother commercial activities revenue
from4.4min2013to3.3min2014is due
to2013containingareceipt fromUEFA
for players whoparticipatedinthe2012
EuropeanChampionships.
Theincreaseinturnover enabled
continuedinvestment intheplayingsquad,
whichincludedtheadditions of Arouna
Kone, Joel Robles, AntolinAlcaraz, James
McCarthy, AidenMcGeady, andJindrich
Stanek, together withloanspells secured
for GerardDeulofeu, GarethBarry, Romelu
LukakuandLacinaTraore. Staff costs
roseby 10%to69.3m(2013: 63.0m).
Theincreaseinwages together withthe
signicant riseinturnover has reducedthe
Clubs wages as apercentageof turnover
to58%, althoughwhencomparingto
other clubs outsourcedrevenues shouldbe
addedback (retail andcatering).
As aresult of thekey factors outlined
above, theClubrecordedanoperating
prot for theyear beforeplayer trading
of 23.7m(2013: prot of 0.7m). The
inclusionof theamortisationof players
registrations of 18.6m(2013: 10.6m),
andprot ondisposal of player
registrations of 28.2m(2013: 15.6m),
gives aprot beforeinterest andtaxation
of 33.4mcomparedtoaprot of 5.8m
in2013. Withtheincorporationof the
annual net interest chargeof 5.2m
(2013: 4.2m), principally arisingfrom
theservicingof thesecuritiseddebt and
thebank overdraft, as well as interest
receivable, theresults for theyear present
apre-tax prot of 28.2m, signicantly
improvedfromtheprot of 1.6min2013.
BALANCE SHEET AND FUNDING
As aresult of theabovetrading, the
balancesheet shows animprovednet
liability positionof 14.5m(2013: 42.7m).
However, it shouldbenotedthat the
balancesheet contains 12.2mof deferred
incomeinrelationtoadvanceseason
ticket andloungemembershipsales which
will bereleasedtotheprot andloss as
games areplayedduringthe2014/15
season, hencewill not requirerepayment.
Inaddition, 16.0mof borrowings arenot
repayablefor morethanveyears.
Furthermoreit is important tonote
that theintangibleassets valueof
34.2mrepresents thevaluepaidto
acquireplayers registrations less annual
amortisationamounts. This does not
reect thetruevalueof theplayingsquad
andattributes littlevalueinrespect of
homegrownplayers suchas LeonOsman,
Ross Barkley andTony Hibbert.
Cashinowfromoperatingactivities
was 28.3m(2013: 3.7m). After net
payments for interest of 3.3m, net
payments onplayer transfers of 5.1mand
2.4mnet capital expenditureandnet
cashinows fromnancingof 3.0m, the
increaseincashfor theyear was 20.5m
(2013: 8.7m).
TheClubs net debt positionreduced
signicantly from45.3mto28.1min
2014despitethecontinuedinvestment in
theplayingsquad. Thenet debt of theClub
has averaged44mover thelast 5years
andis consideredtobewell managedwith
theClubbenettingfromthecontinued
support of long-standinglenders.
2013/14
FIN
AN
CIAL REVIEW
2013/14
CO
M
M
ERCIAL REVIEW
InMarch2014, Chief ExecutiveOfcer
Robert Elstone, striker ArounaKone
andClubambassador GraemeSharp
travelledtotheThai capital of Bangkok to
conrmathree-year extensiontoour shirt
sponsorshipwithChang onewhich, after
10seasons, is currently thelongest-running
intheBarclays Premier League.
Havinginitially signedwiththeThai
beveragegiants in2004, theBlues have
nowrenewedthepartnershiponfour
separateoccasions, havingpreviously done
soin2005, 2008and2010, increasing
our exposureandfollowinginSouth-East
Asia, as well as openingdoors tofurther
geographical opportunities inafootball-
obsessedregionof theworld.
Amonthearlier, Evertonhadannounced
its newtechnical partnershipwithiconic
football brandUmbro- kit suppliers for the
Clubinthe1970s, 1980s, 1990s and2000s.
Thedeal meant thereturnof thefamous
doublediamondtoEvertons stripfor the
2014/15campaignandbrought supporters
thepromiseof guaranteedsizes inall
ranges andavailability for men, women,
juniors, infants andbabies.
However, commercial success hadalso
beenachievedinthe12months prior, with
Umbros predecessors, Nike, helpingthe
Clubrealiserecordkit sales in2013/14.
Other newdeals includedanimproved
two-year agreement withEAandthe
arrival of Indonesias leadingelectronics
manufacturers, Polytron, as Evertons
ofcial technology partner.
Thepartnershipsees thermexclusively
featuringmembers of therst-teamsquad
inpromotional andmarketingmaterials
inIndonesiaandThailandandhelps to
promotetheBlues across key Premier
Leaguemarkets.

Thesedeals expandedour valuedand
trustedstableof partners - onewhich
continues togrowcommercial revenues
andprovidenewopportunities for
our supporters.
Overseas bettingpartner, Dafabet,
extendedits link withtheClubby afurther
year, whileStubHub, asubsidiary of eBay
andtheworlds largest secondary ticketing
marketplace, sawincreasedusageby
fans takingadvantageof theability tosell
their SeasonTicket for matches they were
unabletoattend.
Elsewhere, Thomas Cook continuedto
providesupporters andtheClubwith
travel benets andassistance, SportFive
enteredthesecondseasonof its ve-
year agreement andbeveragecompany
Crabbies increasedits involvement and
investment intheClub, withrevenues
enhancedduetotheteams successful
on-pitchperformances.
SEASON TICKETS
Theeffervescent styleof football delivered
by newmanager RobertoMartinez andhis
players hadEvertonsupporters heralding
thereturnof theSchool of Science
in2013/14.
As well as easy-on-the-eyefootball,
Evertonians weretreatedtoanenhanced
all-roundmatchday experience, with
signicant focus placedonmaking
matchdays memorableandimprovingthe
offeringof thepopular GoodisonPark
FanZone.
Tangibleevidenceof success was achieved
whenEvertons was votedthesecond
best matchday experienceintheannual
Premier LeagueFanSurvey inApril 2014,
whileGoodisonPark achievedatotal of
ninesell-outs, upfromfour the
previous campaign.

Thestadiums averageattendancealso
grewfrom36,356in2012/13to37,732in
2013/14, resultingina26,000year-on-year
increaseinthetotal number of supporters
whojourneyedthroughour turnstiles.
Additionally, wesawa20per cent rise
inthenumber of SeasonTickets soldfor
2014/15duringtheever-popular Early Bird
window, while, overall, astaggering97per
cent of SeasonTicket holders renewedfor
the2014/15campaign.
Ontopof that, theBlues welcomedover
4,000newSeasonTicket holders, resulting
inmorethanthreeof every four seats in
GoodisonPark beingpre-soldfor eachof
the19Premier Leaguehomegames before
the2014/15campaignhadbegan.
Therewas alsoanexpansionof theClubs
junior fanbase, withthecontinuationof our
95under-11 offer helpingthenumber of
school-ageSeasonTicket holders riseby
almost 1,000to4,500.
Andacontinuedlevel of excellency across
our award-winninglounges sawHospitality
Memberships reachave-year highfor
2014/15, witha20per cent year-on-year
increaseachieved.
Commercially, progression built on trust and afnity was the
theme of 2013/14 as we announced a record-breaking extension
with our main club sponsor and reunited with a technical partner
associated with producing top-quality Everton kits throughout the
past ve decades.
EVERTO
N
IN
TH
E CO
M
M
U
N
ITY
The next chapter
Thepast 12months haveseenthecharity
enjoy continuedsuccesses andfurther
establishits positionontheworldstageof
community sports development.
October 2013sawrst teammanager
RobertoMartinez givehis backingtoWorld
Mental HealthDay as ImagineYour Goals
participants took part inaday of activity
at FinchFarmtoraiseawareness of the
award-winningmental healthproject
deliveredinpartnershipwithMersey Care
NHSTrust.
Inearly 2014, EvertonintheCommunity
secured4,492,219worthof government
andbusiness investment todeliver a
agshiptraineeshipprogramme, which
offers youngpeoplefromacross theregion
access toqualications andemployment.
Thedisability programmedeliveredby
theClubs ofcial charity is oneof the
largest andmost respectedintheworld
andprovides football andphysical activity
opportunities for thousands of disabled
childrenandadults eachyear. This
critically acclaimedprogrammelaunched
ActiveMeinMarch2014, aNational
Lottery fundedinitiativetoencourage
adults withlearningdifculties, thedeaf
andhardof hearingandblindandpartially
sighted, toget involvedinavariety of
sportingactivities.
Theground-breakingwork of the
charity sawit pick upanimpressive19
international, national andregional awards
inrecognitionfor their work includingaBig
Society AwardfromPrimeMinister David
Cameron. ThePrimeMinister praised
EvertonintheCommunity for usingtheir
skills, expertiseandproletomakelife
better for peopleinlocal communities.
Thework of thecharity has alsocontinued
toattract theattentionof many other
ofcials, includinganumber of Members of
Parliament requestingavisit toGoodison
Park tondout moreabout what Everton
has beendoingtomakeadifferenceon
arangeof social issues as diverseas
employability, anti-social behaviour, crime,
education, poverty andyouthjustice.
Thepast year alsosawEvertoninthe
Community continuetoopenthedoors of
GoodisonPark tohost thePeoples Picnic
toassist local families whohavefallenon
hardtimes. ThePeoples Picnic helps some
of thecitys most deservinggroups as well
as anumber of local charities. At theWest
HamxtureinMarch2014, thecharity
calleduponthegenerosity of Evertonians
The 2013/14 season
saw the silver jubilee
year of the Clubs
ofcial charity
draw to a close as
fans, trustees, staff,
players and partners
came together to
celebrate the end of
a highly successful
fundraising campaign
which saw Everton in
the Community raise
over 1million to
enable it to continue
to develop its work in
the local community
and further aeld.
andaskedfans todonatetoits foodbank
appeal. As is customfor Evertonfans, they
got right behindthecampaignintheir
thousands anditems weredonatedto
local foodbanks andvarious Merseyside
charities supportedby Evertonin
theCommunity.
InApril 2014, lifelongEvertonianand
ShadowSecretary of Statefor Health,
Rt. HonAndy BurnhamMPpledged
his support tothecharitys Pass onthe
Memories programmewhenheranthe
Londonmarathontoraisefunds for the
pioneeringprogramme. Deliveredin
partnershipwithMersey CareNHSTrust,
theproject supports peoplelivingwith
dementiaandtheir carers.
All of this work andachievements would
not havebeenpossiblewithout the
consistent hardwork, dedicationand
commitment of EvertonintheCommunity
staff andvolunteers whostrivetomakea
differencesevendays aweek, 365days
ayear.
Toroundoff another highly successful
year for thecharity, Dr DeniseBarrett-
Baxendalewas recognisedintheQueens
Birthday Honours inJune2014whereshe
was awardedanMBEfor Services tothe
MerseysideCommunity.
Establishedin1988, Evertoninthe
Community is oneof thePremier
Leagues leadingcommunity schemes
duetothequality andreachof its various
programmes. For thepast 26years, the
ofcial charity has beenat theforefront of
social interventionacross Merseyside, not
afraidtotackleissues whichothers shied
away from.
Movingforwards, Evertoninthe
Community remains dedicatedto
continuingtowork hardinputtingall its
efforts behindgainingnewandsignicant
fundingtohelpthemost hard-to-reach
groups of peopleinLiverpool realisetheir
potential andtakeadvantageof thelife-
changingopportunities thecharity has
tooffer.
The2014/15seasonwill seetheEverton
FreeSchool moveintoanewhomeon
SpellowLane, intheshadows of Goodison
Park. Backedby educationalist Sir Ken
Robinson, thenewsitewill continue
toprovidelearningopportunities to
underprivilegedandvulnerableyoung
peopleaged14-19.
Thecomingmonths will alsoseeEverton
intheCommunity launchamental health
programmespecically for womenand
girls as well as continuetodeveloptheir
YouthEngagement, Apprenticeships and
Employment programmes tohelppeople
realisetheir potential andassist themwith
training, qualications andemployment
opportunities.
Heres tothenext chapter.
2013/14 ACCO
U
N
TS
PRINCIPAL ACTIVITY
Theprincipal activity of theGroup
continues tobethat of aprofessional
football club. TheGrouphas continuedto
developtheEvertonbrandandassociated
mediarights.
RESULT FOR THE YEAR
Theprot for theyear amountedto
28.2m(2013: 1.6m), whichhavebeen
transferredtoreserves. TheDirectors are
not abletorecommendthepayment of a
dividend(2013: nil).
DISABLED EMPLOYEES
Applications for employment by disabled
persons arealways fully considered,
bearinginmindtheabilities of the
applicant concerned. Intheevent of
members of staff becomingdisabled
every effort is madetoensurethat their
employment withtheGroupcontinues and
that appropriatetrainingis arranged. It is
thepolicy of theGroupandtheCompany
that thetraining, career development and
promotionof disabledpersons should,
as far as possible, beidentical tothat of
other employees.
POST BALANCE SHEET EVENTS
Adescriptionof thematerial aspects of
theseevents canbefoundinnote24tothe
accounts.
DIRECTORS
TheDirectors inofceduringtheyear
andtheir benecial interests intheshare
capital of theCompany at theendof the
nancial year, andof theprevious nancial
year, wereas follows:
NUMBER OF SHARES
31 MAY
2014
31 MAY
2013
W KENWRIGHT CBE 9,044 9,044
J V WOODS 6,622 6,622
R I EARL 8,146 8,146
SIR P D CARTER CBE 714 714
DIRECTORS RESPONSIBILITIES
STATEMENT
TheDirectors areresponsiblefor preparing
theAnnual Report andthenancial
statements inaccordancewithapplicable
lawandregulations. Company law
requires theDirectors topreparenancial
statements for eachnancial year. Under
that lawtheDirectors haveelectedto
preparethenancial statements in
accordancewithUnitedKingdomGenerally
AcceptedAccountingPractice(United
KingdomAccountingStandards and
applicablelaw). Under company lawthe
Directors must not approvetheaccounts
unless they aresatisedthat they givea
trueandfair viewof thestateof affairs of
theGroupandParent Company andof the
prot or loss of theGroupfor that period.
Inpreparingthesenancial statements,
theDirectors arerequiredto:
select suitableaccountingpolicies and
thenapply themconsistently;
makejudgments andaccounting
estimates that arereasonableand
prudent;
statewhether applicableUK
AccountingStandards havebeen
followed, subject toany material
departures disclosedandexplainedin
thenancial statements; and
preparethenancial statements on
thegoingconcernbasis unless it is
inappropriatetopresumethat the
company will continueinbusiness.
TheDirectors areresponsiblefor keeping
adequateaccountingrecords that
aresufcient toshowandexplainthe
Companys transactions anddisclose
withreasonableaccuracy at any timethe
nancial positionof theCompany and
enablethemtoensurethat thenancial
statements comply withtheCompanies
Act 2006. They arealsoresponsiblefor
safeguardingtheassets of theCompany
andhencefor takingreasonablesteps
for thepreventionanddetectionof fraud
andother irregularities. TheDirectors
areresponsiblefor themaintenanceand
integrity of thecorporateandnancial
informationincludedontheCompanys
website. LegislationintheUnited
Kingdomgoverningthepreparationand
disseminationof nancial statements may
differ fromlegislationinother jurisdictions.
AUDITORS
Eachof thepersons whois adirector at
thedateof approval of this report
conrms that:
sofar as thedirector is aware, thereis
norelevant audit informationof which
theCompanys auditors areunaware;
and
thedirector has takenall thesteps
that he/sheought tohavetakenas
adirector is order tomakehimself/
herself awareof any relevant audit
informationandtoestablishthat the
companys auditors areawareof that
information.
This conrmationis givenandshould
beinterpretedinaccordancewiththe
provisions of s418of theCompanies
Act 2006.
DeloitteLLPhaveindicatedtheir
willingness tobereappointedfor another
termandappropriatearrangements have
beenput inplacefor themtobedeemed
reappointedas auditors intheabsenceof
anAnnual General Meeting.
Approvedby theBoardon7October 2014
andsignedonits behalf by:
GIngles
Company Secretary
DIRECTO
RS REPO
RT
TheDirectors present their report, their
strategic report andtheauditednancial
statements of theGroupandCompany for
theyear ended31st May 2014.
REVIEW OF THE BUSINESS
Theresults of theyears tradingareshown
onpage70of thenancial statements.
Adetailedreviewof theGroups business,
key performanceindicators including
wages toturnover ratioandoperating
prot beforeplayer trading, anindication
of thelikely futuredevelopments, andthe
risks anduncertainties facingtheGroup
arecontainedintheChairmans Statement,
theFinancial Reviewandthereviews set
out onpages 4- 63.
RISK AND UNCERTAINTIES
Inadditiontotherisks addressedwithin
theFinancial Review, inensuringthat
theGrouphas sufcient liquidresources
tomeet its liabilities as they fall due
theDirectors havereviewedindetail
thebusiness cashowprojections. As
disclosedinnote1, theGroupmeets its
day today workingcapital requirements
throughits cashreserves, bank loan
andoverdraft. Additionally, becauseof
thepredictablenatureof football club
revenuestreams, theGrouphas obtained
further fundingpost year endthrough
thesecuritisationof futureguaranteed
revenues, as is commonindustry practice,
andas it has doneinthepast. This funding
replacedanexistingloanandis repayable
inAugust 2015. Basedonongoingdialogue
withtheexistingandpotential funders,
theDirectors arecondent that this facility
will bereplacedby anequivalent facility
onrepayment.
TheGroups current overdraft facility
expires on31 July 2015. Thetimingof
theexpiry of thecurrent facilities on31
July 2015allows theGroups bankers
andtheDirectors toagreeappropriate
facilities for thefollowingseasonbased
onperformanceinthe2014/15Premier
Leagueseasonandreect activities,
includingtheGroups player trading
activity intheJanuary 2015transfer
windowandthestart of thesummer 2015
transfer window.
TheDirectors haveworkedclosely with
thebank throughout theyear andbased
ondiscussions withthebank believe
that it is thebanks current intentionto
renewthefacility agreements or put in
placearrangements toprovidesimilar
facilities for thefollowingseason, ineach
casesubject toreviewat theendof the
current football seasonwiththeknowledge
of thelevel of player tradingover the
periodandwiththeamount andterms
tobenegotiatedat theappropriatetime.
TheDirectors acknowledgetheneedfor
further discussionandagreement withthe
bank, thereby givingrisetoadegreeof
uncertainty onthenal outcomeregarding
bank funding. However, theDirectors
consider discussions withthebank tobe
of appropriatecomfort totheminthe
circumstances. Inparticular, theDirectors
consider it tobecommonpracticefor
many Premier Leaguefootball clubs for
theexact level andterms of thefacility
tobereviewedat theendof eachfootball
season. Basedontheongoingdialogue
withthebank, theDirectors arecondent
that thecurrent facilities will berenewed
at asimilar level, or replacedby equivalent
facilities, for the2015/16Premier
Leagueseason.
TheGroups tradingprojections showthat
it has areasonableexpectationof staying
withinits currently available, andfuture
anticipated, nancefacilities, includingthe
overdraft andbank loanfacilities andthe
availableagreedsecuritisationfacilities
against futurerevenues referredtoabove,
for at least 12months fromthedateof
signingof theseaccounts. Inpreparing
thesetradingprojections, anumber
of additional inherent uncertainties
havebeenidentied; notably on-eld
performanceandtheresultant reductionin
thePremier Leaguedomestic broadcasting
merit awardpayment andthelevel of
player trading.
TheDirectors haveconsideredthe
uncertainty surroundingtherenewal of the
facilities andother inherent uncertainties
and, intheevent that they wouldbe
required, haveidentiedanumber of
potential mitigatingactions tomanage
any resultingforecast shortfall against
current facilities includingtheability within
theindustry tosecuritiseadditional future
guaranteedrevenues andexibility around
player trading.
Basedonthemitigatingactions referred
toaboveandthecomfort obtained
fromtheir bankers, theDirectors havea
reasonableexpectationthat theGroupwill
haveadequateresources tocontinuein
operational existencefor theforeseeable
future. Accordingly they adopt thegoing
concernbasis inpreparingtheAnnual
Report andAccounts.
TheClubis regulatedby therules of
theFA, Premier League, UEFAandFIFA.
Any changetoFA, Premier League,
UEFAandFIFAregulations infuture
couldhaveanimpact ontheGroupas
theregulations cover areas suchas: the
format of competitions, nancial fair play,
thedivisionof broadcastingincome, the
eligibility of players andtheoperationof
thetransfer market. TheGroupmonitors
its compliancewithall applicablerules and
regulations onacontinuous basis andalso
monitors andconsiders theimpact of any
potential changes.
Approvedby theBoardon7October 2014
andsignedonits behalf by:
GIngles
Company Secretary
STRATEGIC REPO
RT
INDEPENDENT AUDITORS REPORT
TO THE MEMBERS OF EVERTON
FOOTBALL CLUB COMPANY LIMITED
Wehaveauditedthenancial statements
of EvertonFootball ClubCompany Limited
for theyear ended31 May 2014which
comprisetheconsolidatedprot andloss
account, theconsolidatedstatement of
total recognisedgains andlosses, the
GroupandCompany balancesheets, the
consolidatedcashowstatement and
therelatednotes 1 to26. Thenancial
reportingframework that has beenapplied
intheir preparationis applicablelawand
UnitedKingdomAccountingStandards
(UnitedKingdomGenerally Accepted
AccountingPractice).
This report is madesolelytothecompanys
members, as abody, inaccordancewith
Chapter 3of Part 16of theCompanies
Act 2006. Our audit work has been
undertakensothat wemight stateto
thecompanys members thosematters
wearerequiredtostatetotheminan
auditors report andfor noother purpose.
Tothefullest extent permittedby law, we
donot accept or assumeresponsibility
toanyoneother thanthecompany and
thecompanys members as abody, for
our audit work, for this report, or for the
opinions wehaveformed.
RESPECTIVE RESPONSIBILITIES OF
DIRECTORS AND AUDITOR
As explainedmorefully intheDirectors
Responsibilities Statement, theDirectors
areresponsiblefor thepreparationof
thenancial statements andfor being
satisedthat they giveatrueandfair view.
Our responsibility is toaudit andexpress
anopiniononthenancial statements
inaccordancewithapplicablelawand
International Standards onAuditing(UK
andIreland). Thosestandards requireus to
comply withtheAuditingPractices Boards
Ethical Standards for Auditors.
SCOPE OF THE AUDIT OF THE
FINANCIAL STATEMENTS
Anaudit involves obtainingevidence
about theamounts anddisclosures
inthenancial statements sufcient
togivereasonableassurancethat the
nancial statements arefreefrom
material misstatement, whether caused
by fraudor error. This includes an
assessment of: whether theaccounting
policies areappropriatetothecompanys
circumstances andhavebeenconsistently
appliedandadequately disclosed; the
reasonableness of signicant accounting
estimates madeby thedirectors; and
theoverall presentationof thenancial
statements. Inaddition, wereadall the
nancial andnon-nancial information
intheannual report toidentify material
inconsistencies withtheauditednancial
statements andtoidentify any information
that is apparently materially incorrect
basedon, or materially inconsistent with,
theknowledgeacquiredby us inthe
courseof performingtheaudit. If we
becomeawareof any apparent material
misstatements or inconsistencies we
consider theimplications for our report.
OPINION ON FINANCIAL STATEMENTS
Inour opinionthenancial statements:
giveatrueandfair viewof thestateof
theGroups andtheCompanys affairs
as at 31 May 2014andof theGroups
prot for theyear thenended;
havebeenproperly preparedin
accordancewithUnitedKingdom
Generally AcceptedAccounting
Practice; and
havebeenpreparedinaccordancewith
therequirements of theCompanies
Act 2006.
OPINION ON OTHER MATTERS
PRESCRIBED BY THE COMPANIES
ACT 2006
Inour opiniontheinformationgivenin
theStrategic Report andtheDirectors
Report for thenancial year for which
thenancial statements arepreparedis
consistent withthenancial statements.
MATTERS ON WHICH WE ARE
REQUIRED TO REPORT BY
EXCEPTION
Wehavenothingtoreport inrespect of the
followingmatters wheretheCompanies
Act 2006requires us toreport toyouif, in
our opinion:
adequateaccountingrecords have
not beenkept, or returns adequatefor
our audit havenot beenreceivedfrom
branches not visitedby us; or
thenancial statements arenot
inagreement withtheaccounting
records andreturns; or
certaindisclosures of directors
remunerationspeciedby lawarenot
made; or
wehavenot receivedall the
informationandexplanations we
requirefor our audit.
DamianSanders BAACA
(Senior Statutory Auditor)
for andonbehalf of DeloitteLLP
CharteredAccountants
andStatutory Auditor
Liverpool, UnitedKingdom
7October 2014
IN
DEPEN
DEN
T
AU
DITO
RS REPO
RT
IN
DEPEN
DEN
T
AU
DITO
RS REPO
RT
(continued)
2014 2013
NOTES '000 '000 '000 '000
FIXED ASSETS
Intangible assets 10 34,173 29,601
Tangible assets 11 7,821 6,228
41,994 35,829
CURRENT ASSETS
Debtors 14 31,244 9,840
Investments 12 2,767 2,767
Cashat bank andinhand 18,180 -
52,191 12,607
Creditors - amounts fallingdue withinone year 15 (77,203) (58,422)
NET CURRENT LIABILITIES (25,012) (45,815)
TOTAL ASSETS LESS CURRENT LIABILITIES 16,982 (9,986)
Creditors - Amounts fallingdue after more thanone year 16 (29,577) (31,702)
Provisionfor liabilities 17 (1,869) (1,008)
NET LIABILITIES (14,464) (42,696)
CAPITAL AND RESERVES
Calledupshare capital 18 35 35
Share premiumaccount 19 24,968 24,968
Revaluationreserve 19 3,049 3,049
Prot andloss account - decit 19 (42,516) (70,748)
SHAREHOLDERS' DEFICIT 20 (14,464) (42,696)
The nancial statements of the EvertonFootball ClubCompany Limited, registerednumber 36624, were approvedby the Boardonthe 7October
2014andsignedonits behalf by
WKenwright CBE
Director
2014 2013
NOTES
OPERATIONS
EXCLUDING
PLAYER
TRADING
PLAYER
TRADING TOTAL TOTAL
'000 '000 '000 '000
TURNOVER 1,2 120,511 - 120,511 86,397
Operatingexpenses 3 (96,771) (18,555) (115,326) (96,248)
OPERATING PROFIT / (LOSS) 4 23,740 (18,555) 5,185 (9,851)
Prot ondisposal of players registrations - 28,202 28,202 15,617
Prot ondisposal of tangible xedassets 2 - 2 13
PROFIT BEFORE INTEREST AND TAXATION 23,742 9,647 33,389 5,779
Interest receivable andsimilar income 5 7 23
Interest payable andsimilar charges 6 (5,164) (4,205)
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION 28,232 1,597
Tax onprot onordinary activities 8 - -
PROFIT AFTER TAXATION FOR THE YEAR
TRANSFERRED TO RESERVES
19, 20 28,232 1,597
All the above amounts derive fromcontinuingoperations.
There are norecognisedgains andlosses for the year ended31st May 2014andthe prior year other thanas statedinthe consolidatedprot andloss
account, accordingly noseparate consolidatedstatement of total recognisedgains andlosses is given.
GRO
U
P BALAN
CE SH
EET
as at 31st May 2014
CO
N
SO
LIDATED PRO
FIT
AN
D LO
SS ACCO
U
N
T
for the year ended 31st May 2014
2014 2013
NOTES '000 '000 '000 '000
FIXED ASSETS
Intangible assets 10 34,173 29,601
Tangible assets 11 3,022 1,183
37,195 30,784
CURRENT ASSETS
Debtors 14 31,018 9,674
Investments 12 - -
Cashat Bank andinHand 16,618 -
47,636 9,674
Creditors - amounts fallingdue withinone year 15 (88,041) (71,680)
NET CURRENT LIABILITIES (40,405) (62,006)
TOTAL ASSETS LESS CURRENT LIABILITIES (3,210) (31,222)
Creditors - Amounts fallingdue after more thanone year 16 (7,836) (8,912)
Provisionfor liabilities 17 (1,869) (1,008)
NET LIABILITIES (12,915) (41,142)
CAPITAL AND RESERVES
Calledupshare capital 18 35 35
Share premiumaccount 19 24,968 24,968
Revaluationreserve 19 1,165 1,165
Prot andloss account - decit 19 (39,083) (67,310)
SHAREHOLDERS' DEFICIT (12,915) (41,142)
The nancial statements of the EvertonFootball ClubCompany Limited, registerednumber 36624, were approvedby the Boardonthe 7October
2014andsignedonits behalf by
WKenwright CBE
Director
2014 2013
NOTES '000 '000 '000 '000
CASH INFLOW FROM OPERATING ACTIVITIES 21A 28,290 3,716
RETURNS ON INVESTMENT AND SERVICING OF FINANCE
Interest received 7 23
Interest paid (3,324) (4,061)
Finance lease andhire purchase interest (7) (7)
NET CASH OUTFLOW FROM RETURNS ON INVESTMENTS
AND SERVICING OF FINANCE
(3,324) (4,045)
TAXATION - -
CAPITAL EXPENDITURE AND FINANCIAL INVESTMENT
Purchase of intangible xedassets (24,538) (14,526)
Purchase of tangible xedassets (2,462) (599)
Proceeds fromthe disposal of tangible xedassets 24 16
Proceeds fromthe disposal of intangible xedassets 19,421 15,099
NET CASH OUTFLOW FROM CAPITAL EXPENDITURE
AND FINANCIAL INVESTMENT
(7,555) (10)
NET CASH INFLOW / (OUTFLOW) BEFORE FINANCING 17,411 (339)
FINANCING
Newloans 8,056 10,000
Repayment of loans 21c (4,968) (898)
Capital element of nance lease andhire purchase payments 21c (7) (60)
Net cashinowfromnancing 3,081 9,042
INCREASE IN CASH 21B 20,492 8,703
CO
N
SO
LIDATED
CASH
FLO
W
STATEM
EN
T
CO
M
PAN
Y
BALAN
CE SH
EET
as at 31st May 2014
1 ACCOUNTING POLICIES
Theprincipal accountingpolicies are
summarisedbelow. They haveall been
appliedconsistently throughout theyear
andtheprecedingyear.
(i) Accounting Convention
Thenancial statements areprepared
under thehistorical cost conventionas
modiedby therevaluationof freehold
properties, plant &equipment andin
accordancewithapplicablelawandUnited
Kingdomaccountingstandards.
(ii) Basis of Preparation
Theconsolidatednancial statements
incorporatethenancial statements
of thecompany andall its subsidiary
undertakings. Under s408of the
Companies Act 2006theCompany is
exempt fromtherequirement topresent
its ownprot andloss account.
Theresult for thenancial year for
theCompany is disclosedinnote9to
thesenancial statements. Theresults
of subsidiary undertakings acquiredor
disposedof duringtheyear areincluded
intheconsolidatedprot andloss account
fromthedateof their acquisitionor up
until thedateof their disposal. Intra-group
tradingis eliminatedonconsolidation.

Going Concern
As set out intheDirectors Responsibilities
Statement onpage67, inpreparing
thesenancial statements theDirectors
arerequiredtopreparethenancial
statements onthegoingconcernbasis
unless it is inappropriatetopresume
that theGroupwill continueinbusiness.
Insatisfactionof this responsibility the
Directors havereviewedindetail the
business cashowprojections, and
consideredtheGroups ability tomeet its
liabilities as they fall due.
TheGroupmeets its day-to-day working
capital requirements throughits cash
reserves, bank loanandoverdraft.
Additionally, becauseof thepredictable
natureof football clubrevenuestreams,
theGrouphas obtainedfurther funding
post year endthroughthesecuritisationof
futureguaranteedrevenues, as is common
industry practice, andas it has doneinthe
past. This fundingreplacedanexistingloan
andis repayableinAugust 2015. Based
onongoingdialoguewiththeexisting
andpotential funders, theDirectors are
condent that this facility will bereplaced
by anequivalent facility onrepayment.
TheGroups current overdraft facility
expires on31 July 2015. Thetimingof
theexpiry of thecurrent facilities on31
July 2015allows theGroups bankers
andtheDirectors toagreeappropriate
facilities for thefollowingseasonbased
onperformanceinthe2014/15Premier
Leagueseasonandreect activities,
includingtheGroups player trading
activity intheJanuary 2015transfer
windowandthestart of thesummer
2015transfer window.
TheDirectors haveworkedclosely with
thebank throughout theyear andbased
ondiscussions withthebank believethat
it is thebanks current intentiontorenew
thefacility agreements or put inplace
arrangements toprovidesimilar facilities
for thefollowingseason, ineachcase
subject toreviewat theendof thecurrent
football seasonwiththeknowledgeof
thelevel of player tradingover theperiod
andwiththeamount andterms tobe
negotiatedat theappropriatetime.
TheDirectors acknowledgetheneedfor
further discussionandagreement withthe
bank, thereby givingrisetoadegreeof
uncertainty onthenal outcomeregarding
bank funding. However, theDirectors
consider discussions withthebank tobe
of appropriatecomfort totheminthe
circumstances. Inparticular, theDirectors
consider it tobecommonpracticefor
many Premier Leaguefootball clubs for
theexact level andterms of thefacility to
bereviewedat theendof eachfootball
season. Basedontheongoingdialogue
withthebank, theDirectors arecondent
that thecurrent facilities will berenewed
at asimilar level, or replacedby equivalent
facilities, for the2015/16Premier
Leagueseason.
TheGroups tradingprojections showthat
it has areasonableexpectationof staying
withinits currently available, andfuture
anticipated, nancefacilities, includingthe
overdraft andbank loanfacilities andthe
availableagreedsecuritisationfacilities
against futurerevenues referredtoabove,
for at least 12months fromthedateof
signingof theseaccounts. Inpreparing
thesetradingprojections, anumber
of additional inherent uncertainties
havebeenidentied; notably on-eld
performanceandtheresultant reductionin
thePremier Leaguedomestic broadcasting
merit awardpayment andthelevel of
player trading.
TheDirectors haveconsideredthe
uncertainty surroundingtherenewal of the
facilities andother inherent uncertainties
and, intheevent that they wouldbe
required, haveidentiedanumber of
potential mitigatingactions tomanage
any resultingforecast shortfall against
current facilities includingtheability within
theindustry tosecuritiseadditional future
guaranteedrevenues andexibility around
player trading.
Basedonthemitigatingactions referred
toaboveandthecomfort obtained
fromtheir bankers, theDirectors havea
reasonableexpectationthat theGroupwill
haveadequateresources tocontinuein
operational existencefor theforeseeable
future. Accordingly they adopt thegoing
concernbasis inpreparingtheAnnual
Report andAccounts.
(iii) Turnover
Turnover is statedexclusiveof valueadded
tax, andmatchreceipts arerecognisednet
of payments owingtovisitingclubs, the
Premier League, theFootball Association
andtheFootball League.
Gateandother matchday revenueis
recognisedover theperiodof thefootball
seasonas games areplayed. Sponsorship
andsimilar commercial incomeis
recognisedover thedurationof the
respectivecontracts. Thexedelement
of broadcastingrevenues is recognised
over thedurationof thefootball season
it relates towhilst facility fees for live
coverageor highlights aretakenwhen
earned. Merit awards areaccountedfor
only whenknownat theendof thefootball
season.
(iv) Tangible Fixed Assets
and Depreciation
Depreciationis not providedonfreehold
land. Onproperties it is providedtowrite
off thecosts or revaluedamounts less
estimatedresidual value(basedonprices
prevailingat thedateof acquisitionor
revaluation) inequal annual instalments
over theestimateduseful economic lives
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for the year ended 31st May 2014 (continued)
of theassets whichareconsideredtobe
between10and40years. Nodepreciation
is providedonassets inthecourseof
construction.
Depreciationis chargedonastraight line
basis of threeyears for vehicles andve
years for plant andequipment.
TheGrouphas takenadvantageof
thetransitional provisions of Financial
ReportingStandard15Tangiblexed
assets andretainedthebook amounts
of certainfreeholdproperties which
wererevaluedprior toimplementationof
that standard. Theproperties werelast
revaluedat 31 May 1999andthevaluations
havenot subsequently beenupdated.
(v) Grants
Grants of acapital naturearecreditedto
deferredincomeandamortisedtothe
prot andloss account onasystematic
basis over theuseful economic lifeof the
asset towhichthey relate.
(vi) a) Current Taxation
Current taxation, includingUKcorporation
tax andforeigntax, is providedat amounts
expectedtobepaid(or recovered) using
tax rates andlaws that havebeenenacted
or substantively enactedby thebalance
sheet date.

(vi) b) Deferred Taxation
Deferredtaxationis providedinfull
ontimingdifferences that result inan
obligationat thebalancesheet dateto
pay moretax, or aright topay less tax, at
afuturedate, at rates expectedtoapply
whenthey crystallisebasedoncurrent
tax rates andlaw. Timingdifferences arise
fromtheinclusionof items of incomeand
expenditureintaxationcomputations in
periods different fromthoseinwhichthey
areincludedinnancial statements.
Deferredtax assets arerecognisedto
theextent that it is regardedas more
likely thannot that they will berecovered.
Deferredtax assets andliabilities arenot
discounted.
(vii) Intangible Fixed Assets - Players
Registrations
Thecost of players registrations, including
agents fees, is capitalisedandamortised
over theperiodof therespectiveplayers
contracts inaccordancewithFinancial
ReportingStandard10Accountingfor
goodwill andintangibleassets. The
transfer feelevy refundreceivedduring
theyear is creditedagainst additions to
intangibleassets.

Whenaplayingcontract is extended,
any costs associatedwithsecuringthe
extensions areaddedtotheunamortised
balance(at thedateof theamendment)
andtherevisedbook valueis amortised
over theremainingrevisedcontract period.
(viii) Contingent Appearance Fees
WheretheDirectors consider thelikelihood
of aplayer meetingfutureappearance
criteriaspeciedinthetransfer agreement
of theplayer tobeprobable, provision
for this cost is made(seenote17). If
thelikelihoodof meetingthesecriteria
is merely possiblenot probable, then
noprovisionis madebut thepotential
obligations aredisclosedas contingent
liabilities (seenote22).
(ix) Signing-on Fees and Loyalty Bonuses
Signing-onfees andloyalty bonuses
represent anormal part of the
employment cost of theplayer and
as sucharechargedtotheprot and
loss account intheperiodinwhichthe
payment becomes due, except inthe
circumstances of aplayer disposal. Inthat
caseany remainingsigning-onfees and
loyalty bonuses dueareallocatedinfull
against prot or loss ondisposal of players
registrations intheyear inwhichtheplayer
disposal is made. Thoseinstalments due
inthefutureoncontinuedservicearenot
providedfor but arenotedas contingent
liabilities (seenote22).
(x) Investments
Investments heldas xedassets arestated
at cost less any provisionfor impairment.
(xi) Lease Rentals
Wherethecompany enters intoalease
whichentails substantially takingall the
risks andrewards of ownershipof anasset
theleaseis treatedas anancelease.
Assets acquiredunder nanceleases
arecapitalisedanddepreciatedover
theshorter of their leasetermor their
estimateduseful lives. Theinterest element
of therental obligations is chargedtothe
prot andloss account over theperiod
of thelease. Operatingleaserentals are
chargedtotheprot andloss account on
astraight linebasis over theperiodof the
leaseevenwhenpayments arenot made
onsuchabasis.
(xii) Foreign Currency Transactions
Transactions denominatedinforeign
currencies aretranslatedintosterling
at therates rulingat thedates of the
transactions. Monetary assets and
liabilities denominatedinforeign
currencies aretranslatedat therates of
exchangerulingat thebalancesheet date.
All exchangedifferences arerecognisedin
theprot andloss account.

(xiii) Pensions
Certainstaff of theGrouparemembers
of either theFootball LeagueLimited
Players Retirement IncomeScheme,
adenedcontributionscheme, or the
Football LeagueLimitedPensionandLife
AssuranceScheme(FLLPLAS; the
Scheme), adenedbenet scheme.
As oneof anumber of participating
employers intheFLLPLAS, theGroupis
advisedonly of its shareof theSchemes
decit andrecognises aliability inrespect
of this. As aresult, thecontributions paid
totheschemereducetheprovision. The
Groupis unabletoidentify its shareof
theunderlyingassets andliabilities of
theSchemeonaconsistent andreliable
basis andtherefore, as requiredby FRS
17Retirement benets, accounts for the
Schemeas if it wereadenedcontribution
scheme.
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2 TURNOVER 2014 2013
TURNOVER, ALLOFWHICHORIGINATESINTHEUNITEDKINGDOM, CANBEANALYSEDASFOLLOWS: '000 '000
Gate receipts andprogramme sales 19,339 17,486
Broadcasting 88,465 55,699
Sponsorship, advertisingandmerchandising 8,436 7,644
Catering 934 1,180
Other commercial activities 3,337 4,388
120,511 86,397
3 OPERATING EXPENSES 2014 2013
'000 '000
Amortisationof players registrations (note 10) 18,555 10,570
Staff costs (note 7) 69,332 63,049
Depreciation(note 11) 1,058 829
Other operatingcosts 26,381 21,800
TOTAL OPERATING EXPENSES 115,326 96,248
4 OPERATING PROFIT / (LOSS) 2014 2013
THEOPERATINGPROFIT/ (LOSS) ISSTATEDAFTERCHARGING/ (CREDITING): '000 '000
Depreciation- property 261 254
Depreciation- other 797 575
Amortisationof grants (38) (38)
OPERATINGLEASERENTALS
Motor vehicles 199 212
Ofce equipment 79 96
Landandproperties 550 1,399
THEANALYSISOFAUDITORSREMUNERATIONISASFOLLOWS:
Fees payable tothe companys auditor for the audit of the companys annual accounts 55 49
Fees payable tothe companys auditor for the audit of the companys subsidiaries 6 6
TOTALAUDITFEES 61 55
Other non-audit services
Tax services 380 118
Other services 18 14
TOTAL NON-AUDIT FEES 398 132
5 INTEREST RECEIVABLE AND SIMILAR INCOME 2014 2013
'000 '000
BANK INTEREST RECEIVABLE 7 23
6 INTEREST PAYABLE AND SIMILAR CHARGES 2014 2013
'000 '000
Bank overdrafts 357 771
Finance leases andhire purchase agreements 7 7
Other loans 4,800 3,427
5,164 4,205
Includedininterest onother loans is interest of 1,749,000(2013: 1,823,000) onloans not wholly repayable infull withinve years.
7 PARTICULARS OF EMPLOYEES 2014 2013
THEAVERAGEWEEKLYNUMBEROFEMPLOYEESDURINGTHEYEARWASASFOLLOWS: NUMBER NUMBER
Playing, trainingandmanagement 88 82
YouthAcademy 31 31
MarketingandMedia 32 32
Management andAdministration 57 53
Maintenance, Security, PitchandGroundSafety 39 36
247 234
Inaddition, the Groupemployedanaverage of 436temporary staff onmatchdays (2013: 437).
2014 2013
AGGREGATEPAYROLLCOSTSFORTHEABOVEEMPLOYEESWEREASFOLLOWS: '000 '000
Wages andsalaries 60,792 55,320
Social security costs 8,126 7,328
Other pensioncosts 414 401
69,332 63,049
2014 2013
DIRECTORS REMUNERATIONANDHIGHESTPAIDDIRECTOR '000 '000
EMOLUMENTS 350 -
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8 TAX ON PROFIT ON ORDINARY ACTIVITIES
There was notax charge inthe year (2013: nil).
a) Factors affectingthe tax charge for the current year. The tax assessedfor the year is lower thanthat resultingfromapplyingthe effective
standardrate of corporationtax inthe UK: 22.67%(2013: 23.83%).
2014 2013
'000 '000
Prot onordinary activities before taxation 28,232 1,597
Tax onprot onordinary activities at the standardrate 6,400 381
(Non-taxable income) / Expenses not deductible for tax purposes 369 (186)
Depreciation(less than) / inexcess of capital allowances (134) (182)
Other short termtimingdifferences (28) (20)
Income not taxable for tax purposes (6,607) -
Grouprelief - 7
CURRENT TAX CHARGE FOR THE YEAR - -
b) Unrecogniseddeferredtax assets of the Groupare 6.8m(2013: 13.9m). These assets will be utilisedif sufcient taxable prots are generatedby
Groupcompanies infuture periods. This asset primarily consists of carriedforwardlosses of 60.8m, less the NBVof players intowhichprots have
beenrolledover andprots beingrolledover. Deceleratedcapital allowances andpensionassets are alsoincluded.
9 COMPANY PROFIT AND LOSS ACOUNT
The company has takenadvantage of Section408of the Companies Act 2006andhas not presentedits ownprot andloss account.
The Companys prot for the year was 28,227,000(2013: 1,598,000).
10 INTANGIBLE FIXED ASSETS - GROUP AND COMPANY TOTAL
COST 000
At 1st June 2013 79,253
Additions inthe year 31,579
Disposals inthe year (37,047)
AT 31ST MAY 2014 73,785
AMORTISATION
At 1st June 2013 49,652
Providedduringthe year 18,555
Eliminatedondisposals (28,595)
AT 31ST MAY 2014 39,612
NETBOOKVALUE
AT 31ST MAY 2014 34,173
At 31st May 2013 29,601
The intangible xedassets relate entirely tothe cost of players registrations. The Directors reviewthe carryingvalue of the players registrations
for impairment. Where events or changes incircumstances indicate that the carryingvalue of the asset may not be recoverable, tothe extent that
the carryingvalue exceeds the recoverable amount, the asset is impairedandthe impairment loss is recognisedinthe prot andloss.
11 TANGIBLE FIXED ASSETS FREEHOLD
PROPERTIES
PLANTAND
EQUIPMENT
VEHICLES TOTAL
GROUP '000 '000 '000 '000
COSTOFVALUATION
At 1st June 2013 11,142 10,154 118 21,414
Additions inthe year 265 2,258 150 2,673
Disposals inthe year - (62) (11) (73)
AT 31ST MAY 2014 11,407 12,350 257 24,014
DEPRECIATION
At 1st June 2013 6,091 8,981 114 15,186
Providedduringthe year 261 780 17 1,058
Ondisposals - (40) (11) (51)
AT 31ST MAY 2014 6,352 9,721 120 16,193
NETBOOKVALUE
AT 31ST MAY 2014 5,055 2,629 137 7,821
At 31st May 2013 5,051 1,173 4 6,228
FREEHOLD
PROPERTIES
PLANTAND
EQUIPMENT
VEHICLES TOTAL
COMPANY '000 '000 '000 '000
COSTOFVALUATION
At 1st June 2013 42 10,154 118 10,314
Additions inthe year 265 2,258 150 2,673
Disposals inthe year - (62) (11) (73)
AT 31ST MAY 2014 307 12,350 257 12,914
DEPRECIATION
At 1st June 2013 36 8,981 114 9,131
Providedduringthe year 15 780 17 812
Ondisposals - (40) (11) (51)
AT 31ST MAY 2014 51 9,721 120 9,892
NETBOOKVALUE
AT 31ST MAY 2014 256 2,629 137 3,022
At 31st May 2013 6 1,173 4 1,183
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11 TANGIBLE FIXED ASSETS (CONTINUED)
The Clubs premises at GoodisonPark, the equipment andcontents (but not includingcomputer equipment or motor vehicles), together withan
immaterial amount of residential properties were revaluedat 12,272,550by JohnFoord&Company as at 31st May 1999.
The freeholdbuildings at GoodisonPark were valuedat depreciatedreplacement cost, andthe landat openmarket value for its existinguse. The
freeholdlandof 650,000(2013: 650,000) has not beendepreciated. The residential properties have beenrevaluedat openmarket value basis
withthe benet of full vacant possessionor subject toandwiththe benet of the various leases/agreements as appropriate.
If the freeholdproperties hadnot beenrevaluedregularly since 1983they wouldhave beenincludedat the followingamounts onthe basis previously
appertaining:
2014 2013
'000 '000
Cost 9,146 9,146
Aggregate depreciation (5,263) (5,133)
NET BOOK VALUE 3,883 4,013
12 INVESTMENTS
FIXED ASSET INVESTMENTS
COMPANY SUBSIDIARYUNDERTAKINGS
COST
AS AT 1ST JUNE 2013 AND 31ST MAY 2014 5
NETBOOKVALUE
AS AT 1ST JUNE 2013 AND 31ST MAY 2014 5
Details of the principal operatingsubsidiaries as at 31st May 2014, all registeredinEnglandandWales, were as follows:
NAMEOFCOMPANY %OWNED NATUREOFBUSINESS
GoodisonPark StadiumLimited 100 Provisionof football entertainment facilities
EvertonInvestments Limited 100 Issuer of loannotes
The EvertonLadies Football ClubLimited 100 Professional football club
CURRENT ASSET INVESTMENTS
GROUP
Current asset investments consist of four monthtreasury deposits of 2,767,000(2013: 2,767,000).
13 LEASE COMMITMENTS
The GroupandCompany has operatinglease commitments tomeet duringthe next year inrespect of landandproperty leases,
motor vehicles andofce equipment, as follows:
LANDANDPROPERTIES OTHER TOTAL
2014 2013 2014 2013 2014 2013
000 000 '000 '000 '000 '000
Expiringwithinone year - 5 11 2 11 7
Expiringbetweentwoandve years - - 234 225 234 225
Expiringinmore thanve years 954 954 - - 954 954
954 959 245 227 1,199 1,186
14 DEBTORS GROUP COMPANY
2014 2013 2014 2013
'000 '000 '000 '000
Trade debtors 28,455 7,616 28,230 7,506
Other debtors 1 1 - -
Repayments andaccruedincome 2,788 2,223 2,788 2,168
31,244 9,840 31,018 9,674
15 CREDITORS - AMOUNTS FALLING DUE WITHIN ONE YEAR GROUP COMPANY
2014 2013 2014 2013
'000 '000 '000 '000
Bank overdrafts (secured) - 2,312 - 3,809
Other loans (see note 16) 27,968 19,836 26,924 18,868
Obligations under nance lease andhire purchase agreements 79 44 79 44
Trade creditors 12,822 6,455 12,813 6,447
Amounts due tosubsidiaries - - 22,349 21,303
Social security andother taxes 11,615 8,127 12,297 8,934
Accruals anddeferredincome 24,719 21,648 13,579 12,275
77,203 58,422 88,041 71,680
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16 CREDITORS - AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR GROUP COMPANY
2014 2013 2014 2013
'000 '000 '000 '000
Other loans (see borrowings below) 20,846 25,857 - 4,000
Obligations under nance lease andhire purchase agreements 116 10 116 10
Trade creditors 6,034 2,750 6,034 2,750
Accruals anddeferredincome 2,581 3,085 1,686 2,152
29,577 31,702 7,836 8,912
BORROWINGS BANKOVERDRAFT OTHERLOANS
FINANCELEASES
ANDHIREPURCHASE
TOTAL
2014 2013 2014 2013 2014 2013 2014 2013
GROUP 000 000 000 000 '000 '000 '000 '000
ANALYSISOFBORROWINGS
Payable by instalments
Withinone year - 2,312 27,968 19,836 79 44 28,047 22,192
Betweenone andtwoyears - - 1,125 5,044 116 10 1,241 5,054
Betweentwoandve years - - 3,928 3,644 - - 3,928 3,644
After more thanve years - - 16,030 17,439 - - 16,030 17,439
Prepaidnance costs - - (237) (270) - - (237) (270)
- 2,312 48,814 45,693 195 54 49,009 48,059
BANKOVERDRAFT OTHERLOANS
FINANCELEASES
ANDHIREPURCHASE
TOTAL
2014 2013 2014 2013 2014 2013 2014 2013
COMPANY 000 000 000 000 '000 '000 '000 '000
ANALYSISOFBORROWINGS
Payable by instalments
Withinone year - 3,809 26,924 18,868 79 44 27,003 22,721
Betweenone andtwoyears - - - 4,000 116 10 116 4,010
- 3,809 26,924 22,868 195 54 27,119 26,731
The bank overdraft is principally securedvia a lightweight oatingcharge over all the assets andundertakings (excludingGoodisonPark Stadium) of
the Company.
Other loans include 22,127,000of loannotes (2013: 23,095,000) whichare repayable inannual instalments over a 25year periodat a xed
interest rate of 7.79%. The rst payment under the agreement was made on30thSeptember 2002amountingto1,588,000withsubsequent
annual payments of 2,767,000(includinginterest) startingon30thSeptember 2003.
The notes will be repaidina securitisationagreement servicedby future seasonticket sales. The costs incurredinraisingthe nance, amountingto
710,000, have beenoffset against the original 30,000,000loan, andare containedwithinprepaidnance costs andchargedtothe prot andloss
inline withthe interest charge over a periodof 25years.
Other loans alsoinclude 20,924,000(2013: 12,868,000) securedby legal charges over the Companys guaranteedPremier League broadcast
revenues. This loanincurs interest at a rate of 8.8%andwas repaidinAugust 2014. The Grouphas obtainedfurther fundingpost year endas
describedinnote 1.
17 PROVISION FOR LIABILITIES GROUPANDCOMPANY
PENSIONS
(NOTE23)
CONTINGENT
APPEARANCE
FEES(NOTE1)
TOTAL
'000 '000 '000
At 1st June 2013 733 275 1,008
Utilisedinthe year (121) (275) (396)
Providedinthe year - 1,257 1,257
AT 31ST MAY 2014 612 1,257 1,869
The contingent appearance fees andpensionprovisionare expectedtobe utilisedwithin1 and6years respectively.
There are noamounts providedfor deferredtax at 31st May 2014or 31st May 2013.
18 EQUITY SHARE CAPITAL 2014 2013
'000 '000
ALLOTTED, ISSUED AND FULLY PAID 35,000 ORDINARY SHARES OF 1 EACH 35 35
19 RESERVES
SHAREPREMIUM
ACCOUNT
REVALUATION
RESERVE
PROFITAND
LOSSACCOUNT
GROUP '000 '000 '000
Balance at 1st June 2013 24,968 3,049 (70,748)
Prot for the year - - 28,232
BALANCE AT 31ST MAY 2014 24,968 3,049 (42,516)
COMPANY '000 '000 '000
Balance at 1st June 2013 24,968 1,165 (67,310)
Prot for the year - - 28,227
BALANCE AT 31ST MAY 2014 24,968 1,165 (39,083)
20 RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS DEFICIT 2014 2013
GROUP '000 '000
Prot for the year andnet movement inshareholders decit 28,232 1,597
Openingshareholders decit (42,696) (44,293)
CLOSING SHAREHOLDERS DEFICIT (14,464) (42,696)
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21 CASH FLOW STATEMENT 2014 2013
(A) RECONCILIATIONOFOPERATINGLOSSTONETCASHINFLOWFROMOPERATINGACTIVITIES '000 '000
Prot before interest andtax 33,389 5,779
Prot ondisposal of players registrations (28,202) (15,617)
Prot ondisposal of tangible xedassets (2) (13)
OPERATING PROFIT / (LOSS) 5,185 (9,851)
Depreciationcharge 1,058 829
Amortisationof grants (38) (38)
Amortisationof players registrations 18,555 10,570
Increase indebtors (2,129) (345)
Decrease inprovisions (121) (105)
Increase increditors 5,780 2,656
NET CASH INFLOW FROM OPERATING ACTIVITIES 28,290 3,716
(B) ANALYSISOFCHANGESINNETDEBT
AT1ST
JUNE2013
CASH
FLOWS
NONCASH
MOVEMENTS
AT31ST
MAY2014
'000 '000 '000 '000
Bank overdraft (2,312) 20,492 - 18,180
Debt due withinone year (19,836) 4,968 (13,100) (27,968)
Debt due after one year (25,857) - 5,011 (20,846)
Finance lease andhire purchase agreements (54) 7 (148) (195)
Current asset investments 2,767 - - 2,767
(45,292) 25,467 (8,237) (28,062)
(C) RECONCILIATIONOFMOVEMENTSINNETDEBT 2014 2013
'000 '000
Increase incashinthe year 20,492 8,703
Cashoutowfromdecrease innet debt 4,968 898
Cashoutowfromdecrease innance lease andhire purchase nancing 7 60
Change innet debt resultingfromcashows inthe year 25,467 9,661
Noncashmovements (8,237) (8,969)
Net debt as at 1st June 2013/ 2012 (45,292) (45,984)
NET DEBT AS AT 31ST MAY 2014 / 2013 (28,062) (45,292)
22 CONTINGENT LIABILITIES
Noprovisionis includedinthe accounts for transfer fees of 5,578,000(2013: 6,135,000) whichare, as at 31st May 2014, contingent uponfuture
appearances of certainplayers; or signing-onfees andloyalty bonuses, as at 31st May 2014, of 7,650,000(2013: 5,077,000) whichwouldbecome
due tocertainplayers if they are still inthe service of the Clubonspecic future dates.
23 PENSIONS
Certainstaff of the Groupare members of either the Football League LimitedPlayers Retirement Income Scheme, a denedcontributionscheme,
or the Football League LimitedPensionandLife Assurance Scheme (FLLPLAS; the Scheme), a denedbenet scheme. As one of a number of
participatingemployers inthe FLLPLAS, the Groupis advisedonly of its share of the Schemes decit andrecognises a liability inrespect of this.
As a result, the contributions paidtothe scheme reduce the provision. The Groupis unable toidentify its share of the underlyingassets andliabilities
of the Scheme ona consistent andreliable basis andtherefore, as requiredby FRS17Retirement benets, accounts for the Scheme as if it were a
denedcontributionscheme. InMay 2012a further MFRdecit was identiedinthe Scheme, whichincreasedthe outstandingdecit allocatedtothe
Groupby 607,000resultinginanincrease incontributions advisedby the Actuary.
Contributions are alsopaidintoindividuals private pensionschemes. Total contributions across all schemes duringthe year amountedto414,000
(2013: 401,000).
24 POST BALANCE SHEET EVENTS
Since 31st May 2014, the Clubhas enteredintotransfer agreements for conrmedcontractednet transfer fees payable at 28,805,000.
25 FRS 8 - RELATED PARTY TRANSACTIONS
EvertonInThe Community is a registeredCharity (Number 1099366) incorporatedon31st July 2003andbegantradingon1st June 2004. The
Charity operates separately fromthe Grouphence has not beenconsolidatedinthe Groupresults, but as at 31st May 2014EvertonFootball Club
Company Limitedemployees heldtwoof the six Trustee positions at the Charity. Duringthe year EvertonFootball ClubCompany Limitedincurrednet
operatingcosts of 120,000(2013: 120,000) onbehalf of the Charity.
26 CAPITAL COMMITMENTS
There were nocapital commitments at 31 May 2014or 31 May 2013.
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FIRST TEAM
STATISTICS
Review 2013/14
FIRST TEAM RESULTS 2013/14
DATE OPPONENT FIXTURE RESULT ATTENDANCE POINTS POSITION
SAT17AUGUST NORWICH PREMIERLEAGUE 2- 2 26,824 1 10
SAT24AUGUST WESTBROM PREMIERLEAGUE 0- 0 36,410 2 14
WED28AUGUST STEVENAGE CAPITALONECUPR2 2- 1 22,730 - -
SAT31 AUGUST CARDIFF PREMIERLEAGUE 0- 0 27,344 3 6
SAT14SEPT CHELSEA PREMIERLEAGUE 1 - 0 36,034 6 9
SAT21 SEPT WESTHAM PREMIERLEAGUE 3- 2 34,952 9 6
TUE24SEPT FULHAM CAPITALONECUPR3 1 - 2 14,627 - -
MON30SEPT NEWCASTLE PREMIERLEAGUE 3- 2 33,495 12 4
SAT5OCT MANCITY PREMIERLEAGUE 1 - 3 47,267 12 5
SAT19OCT HULL PREMIERLEAGUE 2- 1 38,828 15 6
SAT26OCT ASTONVILLA PREMIERLEAGUE 2- 0 35,154 18 4
SUN3NOV TOTTENHAM PREMIERLEAGUE 0- 0 38,378 19 7
SAT9NOV CRYSTALPALACE PREMIERLEAGUE 0- 0 25,231 20 5
SAT23NOV LIVERPOOL PREMIERLEAGUE 3- 3 39,576 21 5
SAT30NOV STOKE PREMIERLEAGUE 4- 0 35,513 24 4
WED4DEC MANUTD PREMIERLEAGUE 1 - 0 75,210 27 5
SUN8DEC ARSENAL PREMIERLEAGUE 1 - 1 60,001 28 5
SAT14DEC FULHAM PREMIERLEAGUE 4- 1 33,796 31 4
SUN22DEC SWANSEA PREMIERLEAGUE 2- 1 20,695 34 5
THU26DEC SUNDERLAND PREMIERLEAGUE 0- 1 39,193 34 5
SUN29DEC SOUTHAMPTON PREMIERLEAGUE 2- 1 39,092 37 4
WED1 JAN STOKE PREMIERLEAGUE 1 - 1 25,832 38 5
SAT4JAN QPR FACUPR3 4- 0 32,283 - -
SAT11 JAN NORWICH PREMIERLEAGUE 2- 0 36,827 41 5
MON20JAN WESTBROM PREMIERLEAGUE 1 - 1 24,184 42 6
SAT25JAN STEVENAGE FACUPR4 4- 0 6,913 - -
TUES28JAN LIVERPOOL PREMIERLEAGUE 0- 4 44,450 42 6
SAT1 FEB ASTONVILLA PREMIERLEAGUE 2- 1 39,469 45 5
SUN9FEB TOTTENHAM PREMIERLEAGUE 0- 1 35,944 45 6
SUN16FEB SWANSEA FACUPR5 3- 1 31,498 - -
SAT22FEB CHELSEA PREMIERLEAGUE 0- 1 41,580 45 7
SAT1 MAR WESTHAM PREMIERLEAGUE 1 - 0 38,286 48 6
SAT8MAR ARSENAL FACUPR6 1 - 4 59,719 - -
SAT15MAR CARDIFF PREMIERLEAGUE 2- 1 38,018 51 6
SAT22MAR SWANSEA PREMIERLEAGUE 3- 2 36,260 54 5
TUE25MAR NEWCASTLE PREMIERLEAGUE 3- 0 47,622 57 5
SUN30MAR FULHAM PREMIERLEAGUE 3- 1 25,454 60 5
SUN6APR ARSENAL PREMIERLEAGUE 3- 0 39,504 63 5
SAT12APR SUNDERLAND PREMIERLEAGUE 1 - 0 38,445 66 4
WED16APR CRYSTALPALACE PREMIERLEAGUE 2- 3 39,333 66 5
SUN20APR MANUTD PREMIERLEAGUE 2- 0 39,436 69 5
SAT26APR SOUTHAMPTON PREMIERLEAGUE 0- 2 31,313 69 5
SAT3MAY MANCITY PREMIERLEAGUE 2- 3 39,454 69 5
SUN11 MAY HULL PREMIERLEAGUE 2- 0 24,848 72 5
BARCLAYS PREMIER LEAGUE FINAL LEAGUE PLACINGS 2013/14
HOME AWAY
Played W D L F A W D L F A GL DIFF PTS
1 Manchester City 38 17 1 1 63 13 10 4 5 39 24 65 86
2 Liverpool 38 16 1 2 53 18 10 5 4 48 32 51 84
3 Chelsea 38 15 3 1 43 11 10 4 5 28 16 44 82
4 Arsenal 38 13 5 1 36 11 11 2 6 32 30 27 79
5 Everton 38 13 3 3 38 19 8 6 5 23 20 22 72
6 TottenhamHotspur 38 11 3 5 30 23 10 3 6 25 28 4 69
7 Manchester United 38 9 3 7 29 21 10 4 5 35 22 21 64
8 Southampton 38 8 6 5 32 23 7 5 7 22 23 8 56
9 StokeCity 38 10 6 3 27 17 3 5 11 18 35 -7 50
10 NewcastleUnited 38 8 3 8 23 28 7 1 11 20 31 -16 49
11 Crystal Palace 38 8 3 8 18 23 5 3 11 15 25 -15 45
12 SwanseaCity 38 6 5 8 33 26 5 4 10 21 28 0 42
13 West HamUnited 38 7 3 9 25 26 4 4 11 15 25 -11 40
14 Sunderland 38 5 3 11 21 27 5 5 9 20 33 -19 38
15 AstonVilla 38 6 3 10 22 29 4 5 10 17 32 -22 38
16 Hull City 38 7 4 8 20 21 3 3 13 18 32 -15 37
17 West BromwichAlbion 38 4 9 6 24 27 3 6 10 19 32 -16 36
18 NorwichCity 38 6 6 7 17 18 2 3 14 11 44 -34 33
19 Fulham 38 5 3 11 24 38 4 2 13 16 47 -45 32
20 Cardiff City 38 5 5 9 20 35 2 4 13 12 39 -42 30
FIRST TEAM FIXTURES 2014/15
DATE OPPONENT
Sat 16Aug Leicester City A
Sat 23Aug Arsenal H
Sat 30Aug Chelsea H
Sat 13Sep West BromwichAlbion A
Thu18Sep Wolfsburg- UEFAEuropa League GroupH H
Sun21 Sep Crystal Palace H
Tue23Sep SwanseaCity - Capital OneCupRound3 A
Sat 27Sep Liverpool A
Thu2Oct FCKrasnodar - UEFAEuropaLeagueGroupH A
Sun5Oct Manchester United A
Sat 18Oct AstonVilla H
Thu23Oct Lille- UEFAEuropaLeagueGroupH A
Sun26Oct Burnley A
Wed29Oct Capital OneCupRound4
Sat 1 Nov Swansea City H
Thu6Nov Lille - UEFAEuropa League GroupH H
Sun9Nov Sunderland A
Sat 22Nov West HamUnited H
Thu27Nov Wolfsburg- UEFAEuropaLeagueGroupH A
Sun30Nov TottenhamHotspur A
Wed3Dec Hull City H
Sat 6Dec Manchester City A
Thu11 Dec FCKrasnodar - UEFAEuropa League GroupH H
Sun14Dec Queens Park Rangers H
Wed17Dec Capital OneCupRound5
Sat 20Dec Southampton A
Fri 26Dec Stoke City H
Sun28Dec NewcastleUnited A
Thu1 Jan Hull City A
Sat 3Jan F.A. CupRound3
Sat 10Jan Manchester City H
Sat 17Jan West BromwichAlbion H
Wed21 Jan Capital OneCupSemi-Final (1)
DATE OPPONENT
Sat 24Jan F.A. CupRound4
Wed28Jan Capital OneCupSemi-Final (2)
Sat 31 Jan Crystal Palace A
Sat 7Feb Liverpool H
Wed11 Feb Chelsea A
Sat 14Feb F.A. CupRound5
Thu19Feb UEFAEuropaLeagueRound32First Leg
Sat 21 Feb Leicester City H
Thu26Feb UEFAEuropaLeagueRound32SecondLeg
Sat 28Feb Arsenal A
Sun1 Mar Capital OneCupFinal
Wed4Mar StokeCity A
Sat 7Mar F.A. CupRound6
Thu12Mar UEFAEuropaLeagueRound16First Leg
Sat 14Mar Newcastle United H
Thu19Mar UEFAEuropaLeagueRound16SecondLeg
Sat 21 Mar Queens Park Rangers A
Sat 4Apr Southampton H
Sat 11 Apr SwanseaCity A
Thu16Apr UEFAEuropaLeagueQuarter-Final First Leg
Sat 18Apr Burnley H
Sun19Apr F.A. CupSemi-Final
Thu23Apr UEFAEuropaLeagueQuarter-Final SecondLeg
Sat 25Apr Manchester United H
Sat 2May AstonVilla A
Thu7May UEFAEuropaLeagueSemi-Final First Leg
Sat 9May Sunderland H
Thu14May UEFAEuropaLeagueSemi-Final SecondLeg
Sat 16May West HamUnited A
Sun24May TottenhamHotspur H
Wed27May EuropaLeagueFinal
Sat 30May F.A. CupFinal
FIRST TEAM
RESU
LTS,
FIN
AL LEAGU
E PLACIN
GS
AN
D FIXTU
RES
T 0871 663 1878
*

F 0151 286 9112
evertonfc.com
Goodison Park
Liverpool L4 4EL
*Call cost 10p per minute from a BT landline, mobile charges may vary, please check with your network provider.
FIRST DIVISION CHAMPIONS
1890/91, 1914/15, 1927/28, 1931/32, 1938/39, 1962/63, 1969/70, 1984/85, 1986/87
RUNNERS-UP - 1889/90, 1894/95, 1901/02, 1904/05, 1908/09, 1911/12, 1985/86
SECOND DIVISION CHAMPIONS
1930/31
RUNNERS-UP - 1953/54
FA CUP WINNERS
1906, 1933, 1966, 1984, 1995
RUNNERS-UP - 1893, 1897, 1907, 1968, 1985, 1986, 1989, 2009
FOOTBALL LEAGUE CUP RUNNERS-UP
1976/77, 1983/84
FA CHARITY SHIELD WINNERS
1928, 1932, 1963, 1970, 1984, 1985, 1987, 1995, SHARED: 1986
EUROPEAN CUP-WINNERS CUP WINNERS
1984/85
FA YOUTH CUP WINNERS
1964/65, 1983/84, 1997/98
RUNNERS-UP - 1960/61, 1976/77, 1982/83, 2001/02
H
O
N
O
U
R
S
L
IS
T

Everton FC 2014 Annual Report & Accounts

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Everton FC 2014 Annual Report &amp; Accounts

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Everton FC 2014 Annual Report &amp; Accounts

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Everton FC 2014 Annual Report & Accounts

Everton FC 2014 Annual Report & Accounts