2025 Annual-report

NOTTINGHAMSHIRE COUNTY CRICKET CLUB 2025 ANNUAL REPORT & ACCOUNTS 44 5. INTEREST RECEIVABLE AND SIMILAR INCOME 2025 2024 £ £ Other interest receivable 43,970 83,447 6. INTEREST PAYABLE AND SIMILAR EXPENSES 2025 2024 £ £ Bank charges 72,560 72,815 Loan interest payable 144,993 216,427 217,553 289,242 7. TAXATION 2025 2024 £ £ Corporation tax Current tax on profits for the year - 217,940 Adjustments in respect of previous periods (132,901) - Total current tax (132,901) 217,940 Deferred tax Origination and reversal of timing differences (229,518) (62,962) Adjustments in respect of previous periods 18,067 - Total deferred tax (211,451) (62,962) (Loss) / profit before tax (344,352) 154,978 Factors affecting tax charge for the year The tax assessed for the year is lower than (2024 - lower than) the standard rate of corporation tax in the UK of 25% (2024 - 25%).The differences are explained overleaf: 4. EMPLOYEES 2025 2024 £ £ Staff costs were as follows: Wages and salaries 7,980,680 7,372,572 Social security costs 768,494 649,516 Cost of defined contribution scheme 405,005 404,473 9,154,179 8,426,561 The average monthly number of employees during the year was as follows: 2025 2024 No. No. Cricket staff 67 58 Cricket development and groundstaff 53 55 Commercial, finance and administration staff 39 40 159 153 A sum of £460k, including on costs, was awarded by the ECB to the Nottinghamshire Men’s Cricket team players in achieving first place in the County Championship. A sum of £80k was received by the club as prize money which was allocated in full as a payment, including on costs, to support staff by the executive of the club.