Contents Forewords Chairman 8 Chief Executive Officer 10 Year Review 14-39 Accounts Directors and Advisors 42 Strategic Report 45 Directors’ Report 46 Independent Auditor’s Report 47 Consolidated Profit and Loss Account 49 Consolidated Balance Sheet 50 Company Balance Sheet 51 Consolidated and Company Statement of Changes in Equity 52 Consolidated Cash Flow Statement 53 Notes to the Accounts 54 Note The Foreword section (Pages 8-11) and the Year Review section (Pages 14-39) do not form part of the statutory financial statements. Forewords Chairman Bill Kenwright I’m going to start this report by stating His Republic of Ireland teammate, the obvious. Liverpool 4 has always James McCarthy, is now back training quite rightly been a massively important with the squad and we look forward destination in the lives of Evertonians. to him playing an important role So, in the midst of a consultation process after too long on the sidelines. to support our aspirations to develop a new stadium at Bramley-Moore Dock, Alongside Richarlison and Bernard, we are working simultaneously on we have welcomed into the Everton leaving a lasting legacy at Goodison family Yerry Mina, Lucas Digne, Andre Park which will help provide a catalyst Gomes, Cenk Tosun, Theo Walcott, Kurt for regeneration in north Liverpool. It Zouma and Joao Virginia. We have also is also right and proper that I continue bid a fond farewell to Wayne Rooney with something just as obvious; a to whom we wish the very best on his salute to our fans! Your patience and (already hugely successful) American enduring support is the bedrock of our adventure with DC United in MLS. Club, and has been a big inspiration to Sadly, we mourned the passing of Ray everyone here as we pursue ambitious Wilson, England’s finest ever left-back, plans aimed to take us back to our an FA Cup winner for Everton and a rightful position among football’s elite. World Cup winner for England in the Hard decisions had to be made both space of a magical few weeks in 1966. during and at the end of the 2017-18 And to the families of all departed season and, as always, you stayed Blues over the past year, we steadfast behind your beloved Blues. extend our condolences. We acknowledge and thank Sam Allardyce for the job he and his To the players we have loaned to other backroom team performed in the clubs, Nikola Vlasic, Yannick Bolasie, Mo course of a challenging campaign, Besic, Sandro Ramirez, Cuco Martina, and we share in the optimism inspired Henry Onyekuru, Ashley Williams, Kevin by the purposeful determination Mirallas, Matthew Pennington, Luke and energy of our new Director of Garbutt, Antonee Robinson, Callum Football, Marcel Brands, and our new Connolly and Joe Williams, we send our manager, Marco Silva, who collectively, best wishes for the season, and to Davy we believe, embrace those special Klaassen, Joel Robles and Ramiro Funes qualities all Evertonians seek. Mori on new chapters in their careers. We have witnessed some tantalising Everton in the Community and its glimpses already with Brazilian brilliance magnificent work in changing and saving from Bernard and Richarlison and a lives continues to inspire. Through the fantastic goal by Gylfi Sigurdsson that People’s Hub, the Blue Base, Everton will be among the highlights at the Free School and our plans for the end of the season (although amazingly People’s Place, we have already started to all of us at Leicester, it didn’t win to build what we know will be a suitable Match of the Day’s Goal of the Month!!!). legacy in and around Goodsion Park. Tom Davies’s nomination for the 2018 Denise’s delight at the move to the Royal Golden Boy award underlines his talent Liver Building is something we all share and Jordan Pickford, who collected and we could not have a better CEO to a hat-trick of awards at the end-of- drive the Club forward in this critical season Dixies, has continued to build period. We also thank Robert Elstone on his heroic performances during the for all his work when he was with us and World Cup when he came so close to wish him the best at Super League. reaching the final with England. We were delighted to complete negotiations With Farhad continuing his outstanding on his new six-year contract, as we commitment, Marcel and Marco were when a new five-year deal was driving our first-team forward, Unsie agreed with Idrissa Gana Gueye. continuing to develop some of the best young talent, and a fanbase that We were also heartened last season continues to inspire our ambition, we by the emotional return of Seamus look forward to the next 12 months Coleman following the broken leg he with purpose and anticipation. suffered so cruelly on international duty. COYB! Bill K 8 EVERTON FOOTBALL CLUB 9 Chief Executive I am truly honoured to be writing Since being entrusted with this The first year of our agreement with I was delighted, too, that we followed the first ‘virtual mascot’ in the my first statement in an Everton responsibility, I have worked closely SportPesa, as the Club’s principal up our achievement in being named Premier League; David Unsworth Officer Annual Report as the Club’s Chief with our Director of Football, partner and our first commercial in The Sunday Times 100 Best and Everton’s Under-23s visiting the Executive. It is a responsibility I Marcel Brands, and our Manager, relationship with an African company, Companies, an annual ranking and ‘Home Is Where The Heart Is’ house, take very seriously and I am entirely Marco Silva, and I can assure saw Everton become the first Premier survey of Britain’s finest employers which their fundraising efforts paid Denise committed to making it a success. you that their forward-thinking, League team to play a game in East and widely acknowledged to be one for in order to support our city’s hardworking, dynamic approach is Barrett-Baxendale I am grateful to the Chairman and the Africa. We value our developing of the most extensive studies into homeless youth; a school representing reflective of the Everton way and relationship with SportPesa, who have employee engagement in the country, Everton winning the Premier Board and Mr Moshiri for promoting their desire and commitment to me to this position and to them and all demonstrated a strong alignment with the added distinction of being League Primary Stars Football achieve success is entirely consistent with our values, and look forward to included in The Sunday Times Top Tournament, and Everton becoming Evertonians for the support given to with the aspirations of our fans. me in my first few months in the role. a long and productive relationship Track 250. These accomplishments the first football club in England Off the pitch, too, Marcel and Marco with them. Our innovative partnership demonstrate our commitment to register as a breastfeeding- My ‘to-do list’ was extensive are strong supporters of the work with Angry Birds has enabled us to to Nil Satis Nisi Optimum. friendly organisation being just a when I took up the post and no we do in our community. Our plans reach a new audience worldwide, few moments that stand out for me, item was more important than to providing us with further exposure There were many other moments personally, from the last 12 months. for the People’s Place and our Blue of great pride, both on and off start making material progress Base, which Marco officially opened in key international markets. The in our ambition to move to a new introduction of three personalised the field. Moments that made But it is to the future that we must in September, represent the latest us all ‘Proud to be Blue’… continue to focus, while remaining stadium at Bramley-Moore Dock. projects in our continued investment football-based playable characters into an Angry Birds game – Gylfi true to our values, our ideals and As you will be aware, we embarked into facilities and services in our Seamus’ return in January; Jordan Sigurdsson, Theo Walcott and Cenk our traditions. Bramley-Moore recently upon a major public neighbourhood around Goodison, filling the nation with hope, pride Tosun - represented a first for Rovio Dock and the Goodison Legacy, consultation process, reaching which also include the state-of-the art and excitement in Russia; 14-year- Entertainment and I was delighted regeneration, respect and renewal. out to all areas of our city and Everton Free School and People’s Hub. old Jack McLinden, who lives with that our two forward-thinking Passion, purpose and pride in what surrounding region, to underpin Clear, physical statements that, while multiple health conditions and has organisations combined to create it means to be an Evertonian. the planning application for our we plan to move where we play our severely reduced mobility, joining this small piece of history together. new home at Bramley-Moore football, Everton will never leave L4. his heroes on the pitch as he became NSNO Dock and to deliver a community- I hope our move to The Royal Liver led legacy at Goodison Park. Building, situated as it is on the banks This is a significant step, not only of the Royal Blue Mersey, along the towards achieving a new home waterfront from Bramley-Moore for Everton on the waterfront but Dock, also represents a powerful to regenerating north Liverpool, symbol of our intent and ambition. an enterprise that will boost Housing our staff under one roof the local economy by £1bn.