Trent Bridge Annual Report 2018

NOTTINGHAMSHIRE COUNTY CRICKET CLUB 2018 ANNUAL REPORT & ACCOUNTS 42 5. INTEREST RECEIVABLE 2018 2017 £ £ Bank interest receivable 8,998 6,570 8,998 6,570 6. INTEREST PAYABLE AND SIMILAR CHARGES 2018 2017 £ £ Loan interest payable 282,057 172,000 Other finance charges 22,749 22,973 304,806 194,973 7. TAXATION 2018 2017 £ £ Corporation tax Current tax on surplus / (deficit) for the year 114,353 36,790 Adjustments in respect of previous periods - (182,175) Total current tax 114,353 (145,385) Deferred tax Origination and reversal of timing differences 73,226 (32,406) Total deferred tax 73,226 (32,406) Taxation on (loss) / profit on ordinary activities 187,579 (177,791) Factors affecting tax charge for the year The tax assessed for the year is higher than (2017 ‑ lower than) the standard rate of corporation tax in the UK of 19% (2017 ‑ 19.5%). The differences are explained overleaf: 2018 2017 The average monthly number of employees, including the General Committee, during the year was as follows: No. No. Cricket staff 31 29 Cricket development and ground staff 40 35 Commercial, finance and administration staff 46 46 117 110 The General Committee did not receive any remuneration from the Club for their services as Committee Members (2017: £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.