Cash-Strapped Stonewall Faces Uncertain Future After Funding Collapse

Stonewall, long a fixture of Britain’s LGBT establishment, has seen its income collapse—triggering a financial crisis that has put the charity’s future in doubt.

Accounts show that Stonewall’s income fell from £6.9 million (€7.95 million) in 2024 to £4.7 million (€5.41 million) in the last financial year. High spending during the same period left the group with a net deficit of more than £906,000 (€1.04 million), with the Telegraph saying this means the charity now has just £92,000 (€106,000) left in its cash reserves.

Corporation donations have dropped significantly over the past year, as well as grants from government sources—reportedly, in the latter case, by the equivalent of €189,000.

Stonewall’s fall from favour follows a sharp shift in the transgender debate, accelerated by an April 2024 review led by paediatrician Dr. Hillary Cass. The report concluded that medical interventions for gender-confused children are based on “remarkably weak evidence.”

In the wake of this, both Conservative and Labour politicians publicly U-turned on their commitments to the UK transgender lobby, bringing Stonewall—which in 2022 shared the ‘finding’ that “children as young as 2 recognise their trans identity”—under particular scrutiny.

In the time that followed, public institutions of all stripes began to cut their ties. Sport England, for example, concluded in May 2024 that membership of the charity was no longer ‘value for money.’

Comedian and author Andrew Doyle wrote on Thursday that Stonewall’s financial collapse “shows what happens when an institution becomes ideologically captured,” adding: “Its demise is of its own making.”

Whereas back in 2011 Stonewall was a force for gay people, it now embraces an ideology that actively undermines them. Gay rights have always been predicated on the fact that a minority of any given population are attracted to members of their own sex. Gender identity ideology tells us that sex is irrelevant to sexual orientation, and that an inner ‘essence’ is the defining feature. That is to say, it urges us to believe that homosexuality does not exist.

The Sex Matters campaign group also said that the charity’s “plummeting income from fees reflects the haemorrhaging of confidence in its advice.” Conversely, this group has already hit its 2026 funding target.