How does Practical Action raise money for its work and how is the money spent?
For details of the income and expenditure see the financial overview. In 2001-2002 Practical Action had an income of £14.1 million. Of this, 45% came from grants to pay for Practical Action’s programmes, made by the UK and other governments for development assistance, by multilateral development agencies such as the World Bank, and by other large funders such as international trusts. Almost a third was raised from voluntary donations by individuals or by small family trusts and companies. Fifteen per cent came from the income of ITDG’s publishing and consultancy subsidiaries. Practical Action also spent £13.7 million in 2001-2002. Only 1% of expenditure was on management and administration (calculated by UK Charity Commission-regulated norms). The majority of spending, 63%, was directly on the technology programmes around the world. Eight per cent was spent on related policy work internationally, and on public information and education. Seventeen per cent of expenditure was on the oper
