2020 ANNUAL REPORT

NOTTINGHAMSHIRE COUNTY CRICKET CLUB 2020 ANNUAL REPORT & ACCOUNTS 38 5. INTEREST RECEIVABLE AND SIMILAR INCOME 2020 2019 £ £ Other interest receivable 2,383 2,333 2,383 2,333 6. INTEREST PAYABLE AND SIMILAR EXPENSES 2020 2019 £ £ Bank interest payable 304,545 300,528 Other loan interest payable 28,105 35,185 332,650 335,713 7. TAXATION 2020 2019 £ £ Corporation tax Current tax on profits for the year 35,594 (12,569) Adjustments in respect of previous periods (21,558) - Total current tax 14,036 (12,569) Deferred tax Origination and reversal of timing differences 70,274 38,232 Total deferred tax 70,274 38,232 Taxation on profit on ordinary activities 84,310 25,663 Factors affecting tax charge for the year The tax assessed for the year is lower than (2019 - higher than) the standard rate of corporation tax in the UK of 19% (2019 - 19%).The differences are explained overleaf: 4. EMPLOYEES 2020 2019 £ £ Staff costs were as follows: Wages and salaries 5,100,245 5,272,925 Social security costs 462,358 456,698 Cost of defined contribution scheme 281,194 281,856 5,843,797 6,011,479 The average monthly number of employees, including the General Committee, during the year was as follows: 2020 No. 2019 No. Cricket staff 35 33 Cricket development and ground staff 48 44 Commercial, finance and administration staff 57 58 140 135 The General Committee did not receive any remuneration from the club for their services as Committee Members (2019: £nil). Casual and temporary staff are employed by the club and these costs are included in the employee costs but not in the above number of employees.