Background
The Ten-Percent Foundation was set up in 2002 as a charitable trust specifically to distribute the donation Ten-Percent.co.uk Limited gives each year to charities. This includes the Ten-Percent Group of recruitment websites, which includes our Legal Recruitment services (ten-percent.co.uk, interimlawyers.co.uk and jonathanfagan.co.uk) and also our subsidiary company TP Transcription Limited (tptranscription.co.uk and universitytranscriptions.co.uk). We donate 10% of net profits each year to the Foundation, which is a registered Charitable Trust in the UK (reg no 1095812). This is following the tithe principle from mediaeval times, although there are no links between the company or the charity to any religion.
The Directors of Ten-Percent.co.uk Limited are firm believers in the notion of corporate responsibility and we strongly encourage businesses around the world to take a similar step. However we are also keen to support the principle of accountability for charities. We think too many of them have turned charitable giving into a business activity and have forgotten that they only exist because of the good wishes of their fellow men & women. So we have a campaign to a) encourage other businesses to donate a percentage of their profits to charity every year, and b) to highlight and campaign against excessive staff salaries in the charity sector. We prepared a report on choosing charities to donate to without supporting high salaries or costs in 2016 and plan to launch a website soon detailing the same. https://www.ten-percent.co.uk/choosing-charities-to-donate-money-to-without-supporting-high-salaries-costs.pdf. We have a page detailing other companies who donate a percentage of profit or turnover to charitable causes – details of these can be found here.
Our Commitment
Our commitment to annual charitable donations is set down in our Articles of Association. So far we have donated over £100,000 (to 2018). 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, usually in Africa. We enjoy the process of giving away our profits each year (once we have got over watching the money disappear from our bank account!) but it is always nice to get positive responses from the charities we donate to and it makes us feel a bit better.
We try to find charities with specific projects we can follow up on, and prefer smaller sized charities to the large ones, especially those with CEO’s earning shed loads of cash (you know who you are – click here for our article on this). We are also keen to support any small charities started by solicitors or related to the legal profession.
Donations to Date
A list of the donations we have made since 2000, when we started trading, can be found on our Projects page
In 2000-2001 we donated £500.
In 2001-2002 we donated £1,983.80 to the Ten-Percent Foundation.
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 £7,350.00 to the Ten-Percent Foundation.
In 2008-2009 we donated £1,128 to the Ten-Percent Foundation.
In 2009-2010 we donated £3,952 to the Ten-Percent Foundation.
In 2010-2011 we donated £3,865.30 to the Ten-Percent Foundation.
In 2011-2012 we donated £902.10 to the Ten-Percent Foundation.
In 2012-2013 we donated £7,450.20 to the Ten-Percent Foundation.
In 2013-2014 we donated £10,656.00 to the Ten-Percent Foundation.
In 2014-2015 we donated £13,549.70 to the Ten-Percent Foundation. (Letters of receipt from charities for donations 2014-2015 can be found here).
In 2015-2016 we donated £11,722.74 to the Ten-Percent Foundation.
In 2016-2017 we donated £9,887.14 to the Ten-Percent Foundation.
In 2017-2018 we donated £8,214.49 to the Ten-Percent Foundation (donations received separately from Ten-Percent.co.uk Limited, TP Recruitment Limited and TP Transcription Limited).
Total amount donated to date:
£109,896.37
