@bluegreygreen That's interesting - I suspect their third party funder is Nandi Life Sciences. It has to be either them or another deep pocketed individual who hates the Sussexes.
The 2025 income held up pretty well (similar to 2024 if you adjust for the polo tournament and the longer accounting period in 2024) but they just haven't managed to bring their costs down enough, although they've restructured pretty aggressively so haven't rested on their laurels. What I dont really understand was why costs suddenly got that high as there was seemingly no basis for believing that they'd be able to support programme costs ( ie costs ex fundraising and events) of £3m per year sustainably. On the income, there is always a lag effect with charitable funding, because most foundation and institutional funding will be multi year agreements (2/3 years) which are likely still rolling through. What the charity needs to do is replace those contracts with new ones during that time, and this is probably what they haven't been able to do, hence court case.
My opinion FWIW: They can likely prove the PH and MD slagged them off big time (although question mark over what constitutes orchestrated and what is defamation vs "this is my truth- now show me yours") but I don't think they will be able to prove a direct link between that and failure to attract new institutional funding because there are too many other variables/ factors that would have impacted their ability to raise funds from new sources:
-Their financial pressures pre-dated the split/ CC case (too high a cost base for predictable revenue- big 2024 deficit) and institutional funders are usually looking to add new programmes not plug holes in existing cost structure.
-With the closure of USAID in early 2025, other development focused funders which co-funded alongside USAID are choosing to support those investments over new ones. It's generally a shitty environment to be looking for new funding as many funds are (officially or unofficially) closed to new applications.
-The filing of the CC case/ subsequent resignation of the entire board would have been enough to get Sentebale put on hold with most institutional funders for a few years - would be flagged during due diligence. Even having a new CEO can trigger a 12 month "wait and see" period on an application because funders want to see what the new strategy is before committing.
I don't honestly think institutional funders are going to be swayed by (badly researched and cherry picked ) blogs and hate tweets by unhinged SS maniacs, and Sentebale's public donations, which are more likely to have been affected by that, have held up well (no lag effect on these and 2025 is up on 2024).
Also I see GB News has excelled itself by not understanding that the numbers in the 2025 annual report (clue's in the title guys) pre-dates the court case
"Yet the lawsuit appears to have compounded Sentebale's difficulties rather than resolved them. In the months following the filing of its claim, the charity recorded a fifth less income than the previous year, while its net assets shrank to just £250,000 and general reserves slipped into a £10,000 deficit."
Jesus wept. Someone bring back editors.