2023 ANNUAL REPORT

47 FINANCIAL REPORT 5. INTEREST RECEIVABLE AND SIMILAR INCOME 2023 2022 £ £ Other interest receivable 27,834 4,514 6. INTEREST PAYABLE AND SIMILAR EXPENSES 2023 2022 £ £ Bank interest payable 238,334 253,655 Other loan interest payable 55,450 34,439 293,784 288,094 7. TAXATION 2023 2022 £ £ Current tax on profits for the year - 170,117 Adjustments in respect of previous periods (170,117) - Total current tax (170,117) 170,117 Deferred tax Origination and reversal of timing differences 2,055 9,921 Total deferred tax 2,055 9,921 Tax on (deficit) / surplus on ordinary activities (168,062) 180,038 Factors affecting tax charge for the year The tax assessed for the year is lower than (2022 - higher than) the standard rate of corporation tax in the UK of 22.01% (2022 - 19%).The differences are explained overleaf: 4. EMPLOYEES 2023 2022 £ £ Staff costs were as follows: Wages and salaries 6,860,120 5,873,298 Social security costs 584,220 537,099 Cost of defined contribution scheme 385,468 314,295 7,829,808 6,724,692 The average monthly number of employees during the year was as follows: 2023 No. 2022 No. Cricket staff 56 36 Cricket development and groundstaff 50 50 Commercial, finance and administration staff 35 38 141 124 The General Committee did not receive any remuneration from the club for their services as committee members (2022: £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.