2021 ANNUAL REPORT

NOTTINGHAMSHIRE COUNTY CRICKET CLUB 2021 ANNUAL REPORT & ACCOUNTS 42 5. INTEREST RECEIVABLE AND SIMILAR INCOME 2021 2020 £ £ Other interest receivable 1,674 2,383 1,674 2,383 6. INTEREST PAYABLE AND SIMILAR EXPENSES 2021 2020 £ £ Bank interest payable 254,261 304,545 Other loan interest payable 57,142 28,105 311,403 332,650 7. TAXATION 2021 2020 £ £ Corporation tax Current tax on profits for the year 391,469 35,594 Adjustments in respect of previous periods (44) (21,558) Total current tax 391,425 14,036 Deferred tax Origination and reversal of timing differences 188,598 70,274 Total deferred tax 188,598 70,274 Taxation on profit on ordinary activities 580,023 84,310 Factors affecting tax charge for the year The tax assessed for the year is higher than (2020 - higher than) the standard rate of corporation tax in the UK of 19% (2020 - 19%).The differences are explained overleaf: 4. EMPLOYEES 2021 2020 £ £ Staff costs were as follows: Wages and salaries 5,112,034 5,100,245 Social security costs 474,929 462,358 Cost of defined contribution scheme 299,660 281,194 5,886,623 5,843,797 The average monthly number of employees during the year was as follows: 2021 No. 2020 No. Cricket staff 36 35 Cricket development and groundstaff 48 48 Commercial, finance and administration staff 41 57 125 140 The General Committee did not receive any remuneration from the club for their services as committee members (2020: £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.