The Ten-Percent Foundation
We donate 10% of our net profits each year*, and we work on the tithe principle from mediaeval times, although there are no links between the company or the charity to any religion. Our commitment to annual charitable donations is set down in our Articles of Association, so far we have raised over £30,000 (to 2007). It is our business aim to ensure a healthy growth for the company, and at the same time spend 10% of our income supporting charitable causes both here and overseas, primarily in Africa.
Legal recruitment does not have to be a stale corporate activity! Our directors enjoy the process of giving away our profits each year and it is always nice to get responses from the charities we donate to.
Since 2002 we have donated to charity via the Ten-Percent Foundation, a charitable trust set up specifically to distribute the donation we give each year to charities. We aim to find charities that have specific projects we can follow up on, and look at smaller charities rather than large ones. We are also keen to support any small charities started by solicitors or related to the legal profession.
In 2000-2001 we donated £500.
In 2001-2002 we donated £1,983.80 to the Ten-Percent Foundation, a charitable trust.
In 2002-2003 we donated £3,943.40 to the Ten-Percent Foundation.
In 2003-2004 we donated £4,076.40 to the Ten-Percent Foundation.
In 2004-2005 we donated £5,652.00 to the Ten-Percent Foundation.
In 2005-2006 we donated £6,602.90 to the Ten-Percent Foundation.
In 2006-2007 we donated £8,757.20 to the Ten-Percent Foundation.
In 2007-2008 we donated £5,000.00 to the Ten-Percent Foundation, with the company owing the Ten-Percent Foundation £2,350.07.
In 2008-2009 the company owes the Ten-Percent Foundation £1,128.50
The company also owes the Ten-Percent Foundation donations for 2009-2010 and 2010-2011.
You can visit the Ten-Percent Foundation website by clicking here. This is a charitable trust, registered with the Charities Commission, and operated by two independent trustees and a director of Ten-Percent.co.uk Limited. The trust distributes the funds raised by the company according to a set of principles. So far the Trust has donated to Send a Cow, Wateraid, British Stroke Association, The Parkinson’s Disease Society, Clwyd Riding for the Disabled, National Childbirth Trust, a Liverpool inner city project, Cecilys Fund (funding orphans to go to school in Zambia) and provided funding for a Youth Worker in an inner city area of Stoke on Trent. We have given money to a local sports club, funded assistance for two disabled children in the Vale of Clwyd attending playgroup, given money to LawCare and funded a small specialist charity in Uganda.
We try and continue to support projects once we have started to donate money although our longer term programmes have been interrupted by the recession and the need to preserve our cashflow in recent years.
If you would like further information about our charitable aims, or have any suggestions for our donations, please contact us: cv@tenpercent.co.uk
*Ten-Percent.co.uk Limited has a commitment in its’ Articles of Association to donate a percentage of the annual profits after tax to charity (this is not set at 10% – however we intend to continue donating 10% indefinitely). The company currently has an amount outstanding to pay into the charity and the intention is to make this payment in stages over the next 36 months.