2023 ANNUAL REPORT

NOTTINGHAMSHIRE COUNTY CRICKET CLUB 2023 ANNUAL REPORT & ACCOUNTS 48 2023 2022 £ £ (Loss) / profit on ordinary activities before tax (991,976) 869,661 (Loss) / profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 22.01% (2022 - 19%) (218,316) 165,236 Effects of: Expenses not deductible for tax purposes 15,391 15,682 Fixed asset differences 67,530 57,324 Movement in unamortised grants (52,844) (52,950) Enhanced capital allowances (4,997) (7,636) Remeasurement of deferred tax for changes in tax rates (374) 2,382 Losses carried back 190,489 - Adjustments to tax charge in respect of previous periods (170,117) - Movement in deferred tax not recognised 5,176 - Total tax (credit) / charge for the year (168,062) 180,038 8. TANGIBLE FIXED ASSETS Freehold property Fixtures, Fittings, Plant, Equipment and Motor Vehicles Office equipment Total £ £ £ £ Cost At 1 October 2022 27,659,584 5,610,387 670,677 33,940,648 Additions - 244,086 59,457 303,543 At 30 September 2023 27,659,584 5,854,473 730,134 34,244,191 Depreciation At 1 October 2022 6,721,513 5,056,814 589,877 12,368,204 Charge for the year 465,165 243,906 42,173 751,244 At 30 September 2023 7,186,678 5,300,720 632,050 13,119,448 Net book value At 30 September 2023 20,472,906 553,753 98,084 21,124,743 At 30 September 2022 20,938,071 553,573 80,800 21,572,444 Included within freehold property is land of £4,177,476 which is not depreciated. Trent Bridge Cricket Ground (the freehold property) was valued by Charterfields Chartered Surveyors in July 2022 at £79,200,000 on a replacement cost basis.The asset is carried in the financial statements at historic cost. Factors that may affect future tax charges From 1 April 2023, the rate of corporation tax in the United Kingdom has increased from 19% to 25%. Companies with profits of £50k or less will continue to be taxed at 19%, which is a new small profits rate. Where taxable profits are between £50k and £250k, the higher 25% rate will apply but with a marginal relief applying as profits increase. As the 25% rate was enacted in May 2021, this rate has been reflected in the calculation of deferred tax.