Stonewall has found itself in serious financial trouble, with the LGBT charity losing millions from public funding while donations continue to wilt.
The organisation is facing a crisis, recording a huge deficit of £906,362 in the year ending March 2025.
It's a significant drop for the organisation, which saw its income plummet from £6.9million to just £4.7million as public sector bodies and businesses pulled back their support.
The charity's spending of £5.6million far outweighed what was coming in.
Even more alarming is their cash reserves - just 12 months earlier, the organisation had £998,173, but by March 2025, that had collapsed to a mere £91,811.
The money troubles stem from multiple funding streams drying up simultaneously.
Revenue from Stonewall's workplace diversity schemes, which rate employers on LGBT inclusion, dropped from £2.4million to £1.8million as major organisations began stepping back amid concerns over the charity's stance on trans rights.
Additionally, corporate donations more than halved, falling from £348,636 to just £143,149.
Stonewall has found itself in serious financial trouble, with the LGBT charity losing millions from public funding while donations continue to wilt
| GETTYGovernment funding also shrank considerably. The charity reported receiving £454,645 in grants from government sources, though it provided no breakdown of where this came from.
In contrast, the previous year's figure stood at £618,757.
To tackle the cash crisis, Stonewall cut 44 jobs, spending £276,317 on redundancy payments.
Despite the grim figures, the charity's trustees say they have a "reasonable expectation" that the organisation has "adequate resources to continue in operational existence."
LATEST DEVELOPMENTS
The organisation has become controversial for its fierce message
| GETTYA Stonewall spokesman explained that the charity underwent significant restructuring during 2024/25 to slash costs and reset operations.
"It should be noted that although published in December 2025, these figures reflect the financial position of the organisation at the end of the financial year ie March 2025," the spokesman said.
The charity claims the steps taken are now showing "positive financial results" in the first half of 2025/26.
Critics haven't held back in their assessment of Stonewall's troubles.
John O'Connell of the TaxPayers' Alliance called it "a spectacular implosion of a taxpayer-propped woke racket that is finally running out of other people's money."
Maya Forstater of women's rights charity Sex Matters said: "Stonewall's plummeting income from fees reflects the haemorrhaging of confidence in its advice.
"Being misinformed about the law is worse than useless – it puts businesses at risk of being sued by customers or employees."
The charity was established in 1989 by Sir Ian McKellen, Michael Cashman and others, initially championing gay rights including same-sex marriage.
More recently, it shifted focus to trans rights campaigning, lobbying the NHS, police and Whitehall on inclusive policies.
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