PRACTICAL TOOLS INITIATIVE LIMITED
The prevention or relief of poverty or financial hardship anywhere in the world by providing or assisting in the provision of education, training, healthcare projects and all the necessary support designed to enable individuals to generate a sustainable income and be self-sufficient in particular by collecting, refurbishing and supplying used tools to those with a charitable need.
Objects
THE PREVENTION OR RELIEF OF POVERTY OR FINANCIAL HARDSHIP ANYWHERE IN THE WORLD BY PROVIDING OR ASSISTING IN THE PROVISION OF EDUCATION, TRAINING, HEALTHCARE PROJECTS AND ALL THE NECESSARY SUPPORT DESIGNED TO ENABLE INDIVIDUALS TO GENERATE A SUSTAINABLE INCOME AND BE SELF-SUFFICIENT IN PARTICULAR BY COLLECTING, REFURBISHING AND SUPPLYING USED TOOLS TO THOSE WITH A CHARITABLE NEED.
Financial health, per its FY2026 accounts
The charity reported total income of £635,509 and charitable expenditure of £346,986 for the year ended 31 July 2026, resulting in a net movement in funds of £288,323. Unrestricted funds decreased from £52,885 to £3,999, while restricted funds increased significantly to £340,095. The trustees maintain a reserves policy of three to six months' expenditure, though the current unrestricted balance is below this target.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 46
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/07/2026
- Volunteers: 6
Self-declared on the annual return for the financial year ending 31/07/2025
- Volunteers: 10
Self-declared on the annual return for the financial year ending 31/07/2024
- Volunteers: 15
Annual return filing dates (Charity Commission record)
Of its last 5 annual returns with a recorded received date, 1 was received after the due date: year ending 31/07/2023 (received 09/06/2024, 9 days after the 31/05/2024 due date).
Structured financials (annual return, FY ending 31/07/2026)
Register events
- Received assets from another charity (29/10/2025)
Trustees
- Archielia Barbara James
- Bockarie Musa
- Hawah Gamanga
- James Fallah-Williams
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2026 | £636k | £347k |
| 31/07/2025 | £178k | £133k |
| 31/07/2024 | £181k | £167k |
| 31/07/2023 | £149k | £151k |
| 31/07/2022 | £145k | £168k |
Common questions
Is PRACTICAL TOOLS INITIATIVE LIMITED financially healthy?
Per its FY2026 accounts: The charity reported total income of £635,509 and charitable expenditure of £346,986 for the year ended 31 July 2026, resulting in a net movement in funds of £288,323. Unrestricted funds decreased from £52,885 to £3,999, while restricted funds increased significantly to £340,095. The trustees maintain a reserves policy of three to six months' expenditure, though the current unrestricted balance is below this target. Its FY2026 accounts were independently examined.
Who funds PRACTICAL TOOLS INITIATIVE LIMITED?
Funders whose own accounts filings name PRACTICAL TOOLS INITIATIVE LIMITED as a grant recipient include THE FORRESTER FAMILY TRUST, Brian Mercer Trust, THE EVAN CORNISH FOUNDATION, EDUCATIONAL OPPORTUNITY FOUNDATION, THE ASHWORTH CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE FORRESTER FAMILY TRUST | FY2022 | £25k | THEME OF THE YEAR |
| THE FORRESTER FAMILY TRUST | FY2024 | £25k | Theme of the Year |
| Brian Mercer Trust | FY2023 | £15k | |
| THE EVAN CORNISH FOUNDATION | FY2025 | £8k | Overseas January 2025 |
| EDUCATIONAL OPPORTUNITY FOUNDATION | FY2022 | £7k | International |
| THE EVAN CORNISH FOUNDATION | FY2024 | £6k | Overseas July 2023 |
| THE ASHWORTH CHARITABLE TRUST | FY2021 | £5k | International |
| THE OAKDALE TRUST | FY2026 | £5k | |
| Brian Mercer Trust | FY2022 | £3k | Charitable Activities |
| SEEDFIELD TRUST | FY2021 | £2k | |
| GILCHRIST EDUCATIONAL TRUST | FY2022 | £2k | |
| MISS E F RATHBONE CHARITABLE TRUST | FY2022 | £1k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ALLAN AND NESTA FERGUSON CHARITABLE SETTLEMENT | 2 | £25k |
| THE OLD DART FOUNDATION | 1 | £1.5m |
| LLOYD'S REGISTER FOUNDATION | 1 | £250k |
| THE FRANK JACKSON FOUNDATION | 1 | £160k |
| THE JUSACA CHARITABLE TRUST | 1 | £120k |
| EA FOUNDATION | 1 | £70k |
| THE ROGER RAYMOND CHARITABLE TRUST | 1 | £55k |
| THE RANWORTH TRUST 1985 | 1 | £50k |
Charities like this
- PRACTICAL ACTION
- PRODIGAL ARTS
- TOOLS FOR SELF RELIANCE
- PEOPLE MATTER TRUST
- POWER FOR THE PEOPLE
- THINK CHARITABLE FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| PRACTICAL TOOLS INITIATIVE LIMITED | £636k | — | 0 | unclear | — | no doubt |
| PRACTICAL ACTION | £33.1m | £110,001 - £120,000 | — | within | — | no doubt |
| PRODIGAL ARTS | £72k | — | 0 | above | — | no doubt |
| TOOLS FOR SELF RELIANCE | £754k | — | 0 | above | — | no doubt |
| PEOPLE MATTER TRUST | £452k | — | 0 | unclear | — | no doubt |
| POWER FOR THE PEOPLE | £230k | £32,834 | 0 | unclear | — | no doubt |