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.
Financial health, per its FY2025 accounts
The accounts state that total income for the year was £177,819 against charitable expenditure of £132,697, resulting in a net surplus. The trustees report that reserves policy targets three to six months of expenditure and confirm that this level has been maintained, with unrestricted funds standing at £52,885.
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 44
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 |
|---|---|---|
| 31/07/2025 | £178k | £133k |
| 31/07/2024 | £181k | £167k |
| 31/07/2023 | £149k | £151k |
| 31/07/2022 | £145k | £168k |
| 31/07/2021 | £177k | £343k |
Common questions
Is PRACTICAL TOOLS INITIATIVE LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that total income for the year was £177,819 against charitable expenditure of £132,697, resulting in a net surplus. The trustees report that reserves policy targets three to six months of expenditure and confirm that this level has been maintained, with unrestricted funds standing at £52,885. Its FY2025 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, SEEDFIELD 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 |
| Brian Mercer Trust | FY2022 | £3k | Charitable Activities |
| SEEDFIELD TRUST | FY2021 | £2k | |
| GILCHRIST EDUCATIONAL TRUST | FY2022 | £2k | |
| MISS E F RATHBONE CHARITABLE TRUST | FY2022 | £1k |