2022 ANNUAL REPORT

NOTTINGHAMSHIRE COUNTY CRICKET CLUB 2022 ANNUAL REPORT & ACCOUNTS 44 5. INTEREST RECEIVABLE AND SIMILAR INCOME 2022 2021 £ £ Other interest receivable 4,514 1,674 6. INTEREST PAYABLE AND SIMILAR EXPENSES 2022 2021 £ £ Bank interest payable 253,655 254,261 Other loan interest payable 34,439 57,142 288,094 311,403 7. TAXATION 2022 2021 £ £ Corporation tax Current tax on profits for the year 170,117 391,469 Adjustments in respect of previous periods - (44) Total current tax 170,117 391,425 Deferred tax Origination and reversal of timing differences 9,921 188,598 Total deferred tax 9,921 188,598 Taxation on profit on ordinary activities 180,038 580,023 Factors affecting tax charge for the year The tax assessed for the year is higher than (2021 - higher than) the standard rate of corporation tax in the UK of 19% (2021 - 19%).The differences are explained overleaf: 4. EMPLOYEES 2022 2021 £ £ Staff costs were as follows: Wages and salaries 5,873,298 5,112,034 Social security costs 537,099 474,929 Cost of defined contribution scheme 314,295 299,660 6,724,692 5,886,623 The average monthly number of employees during the year was as follows: 2022 No. 2021 No. Cricket staff 36 36 Cricket development and groundstaff 50 48 Commercial, finance and administration staff 38 41 124 125 The General Committee did not receive any remuneration from the club for their services as committee members (2021: £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.