ANNUAL REPORT 2019

NOTTINGHAMSHIRE COUNTY CRICKET CLUB 2019 ANNUAL REPORT & ACCOUNTS 42 5. INTEREST RECEIVABLE AND SIMILAR INCOME 2019 2018 £ £ Other interest receivable 2,333 8,998 2,333 8,998 6. INTEREST PAYABLE AND SIMILAR EXPENSES 2019 2018 £ £ Bank interest payable 300,528 282,057 Other loan interest payable 35,185 22,749 335,713 304,806 7. TAXATION 2019 2018 £ £ Corporation tax Current tax on profits for the year (12,569) 114,353 Total current tax (12,569) 114,353 Deferred tax Origination and reversal of timing differences 38,232 73,226 Total deferred tax 38,232 73,226 Taxation on profit on ordinary activities 25,663 187,579 Factors affecting tax charge for the year The tax assessed for the year is higher than (2018 – higher than) the standard rate of corporation tax in the UK of 19% (2018 – 19%). The differences are explained overleaf: 2019 2018 The average monthly number of employees, including the General Committee, during the year was as follows: No. No. Cricket staff 33 31 Cricket development and ground staff 44 40 Commercial, finance and administration staff 58 46 135 117 The General Committee did not receive any remuneration from the Club for their services as Committee Members (2018: £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.