As a result, Camelot is one of the largest corporate donors in the UK, as measured by the percentage of pre-tax profits going to social and community causes. In 2004/05, we contributed nearly £2.6 million, equivalent to 5.5% of our pre-tax profits. This compares with an average of less than 1.0% pre-tax profit contribution from FTSE100 companies, and is in line with our commitment that in 2004/05 we would maintain our high rate of giving - primarily through the Camelot Foundation - and continue to benchmark our performance . | Percentage of pre-tax profit spent on community investment (%) | |
| Target | Sustain leading position |
| 2004/05 | |
| 2003/04 | |
| 2002/03 | |
| 2001/02 | |
In 'The Giving List' that was published as a supplement in The Guardian in November 2004 we ranked 18th out of 152 companies that entered the 2003/04 standard. The PerCent logo was awarded to 116 businesses.
The table below shows how we calculate our community contribution, in accordance with the London Benchmarking Group model. See www.lbg-online.net.
The London Benchmarking model provides an agreed approach for valuing different types of company contributions to the community, including cash, time, and gifts in-kind. Our contributions are shown in the table.
| London Benchmarking Group model (£) | ||||
2004/05 |
2003/04 |
2002/03 |
2001/02 |
|
| Charity 1 | 2,223,954 |
2,067,679 |
2,072,006 |
2,050,742 |
| Community Investment 2 | 73,743 |
139,767 |
697,127 |
1,072,798 |
| Commercial Initiative 3 | 257,880 |
464,530 |
279,329 |
486,572 |
| Management Costs 4 | 6,002 |
31,834 |
94,529 |
183,686 |
| Total | 2,561,579 |
2,703,810 |
3,142,987 |
3,793,798 |
| Business Basics 5 | 769,940,000 |
759,500,000 |
740,300,000 |
724,819,550 |
| NLDF 6 | 1,257,700,000 |
1,216,200,000 |
1,257,700,000 |
1,341,563,970 |
These recommendations formed the basis of our development of our next step commitments. See Next Steps.
2 Long-term strategic involvement in community partnerships to address a limited range of social issues chosen by the company in order to protect its long-term corporate interests and to enhance its reputation.
3 Activities in the community, usually by commercial departments, to support directly the success of the company, promoting its corporate brand identifies and other policies, in partnership with charities and community-based organisations.
4 The costs of maintaining full and part-time community affairs staff to manage the community programme.
5 The core business activities in meeting society's needs for cost effective goods and services in a manner which is ethically, socially and environmentally responsible.
6 NLDF - National Lottery Distribution Fund. Money going to Good Causes is core to our business.