Stonewall reports ‘spectacular funding implosion’

Stonewall’s annual report reveals its income has fallen by 40 per cent in four years.

Accounts seen by The Daily Telegraph indicate that the LGBT lobby group’s income was £4.7 million in 2024-25. It reported a total gross income of £7.85 million for 2021-22.

A number of tax-funded organisations – including the Office for National Statistics, the Crown Prosecution Service and the Government Equalities Office – have ended their relationship with Stonewall in recent years.

Into the red

The Telegraph reported Stonewall spending of £5.6 million for the tax year ending March 2025, leaving the group with a deficit of more than £906,000.

Income from its highly controversial ‘Diversity Champions’ scheme fell from £2.4m in 2024 to £1.8m last year. Corporate donations also fell significantly during the same period, from £348,636 to £143,149.

The registered charity received £454,645 in grants from ‘government sources’ in 2024-25 – down on the previous year’s £618,757.

Global collapse

Welcoming the lobby group’s financial difficulties, TaxPayers’ Alliance Director John O’Connell said: “This is a spectacular implosion of a taxpayer-propped woke racket that is finally running out of other people’s money”.

Writing in The Spectator, Joanna Williams observed: “Unless there’s a dramatic change of fortune, it seems the charity really could be one legal case or redundancy payout away from bankruptcy.”

One source with experience as a trustee in the charitable sector told The Guardian that the story “is much bigger than Stonewall”, admitting that “LGBTQ+ charities across the UK are struggling”. Trans-activist group Mermaids’ total gross income also fell from £2.34 million in 2022-23, to £1,337,662 in 2024-25.

A Stonewall spokesman told The Telegraph: “Globally, the LGBTQ+ movement is experiencing a period of significant turbulence”. He added: “There are significant reductions in funding for the movement.”