So the 2018 Stonewall accounts are available. They are not yet on the Charity Commission Website, but they are on Stonewall's site. They are dated 5th Feb 2019 (a couple of weeks before Ruth Hunt left).
www.stonewall.org.uk/sites/default/files/stonewall_2017-18_signed_accounts_.pdf
The Headline Figure is that 2017-2018 income was up to £8.7 million from £7.2million the previous year.
So was their expediture. Up to £8.8 million from £7.5million the previous year. So they reduced their net deficient from 2017 but it was still £93,000 more than they brought in.
When I looked at 2017 accounts, I made the following 6 observations:
1) Image is a big deal. There was a notable shift in 2017 in the donated services. This is connected with media and pr. In other words companies wanted to be associated with Stonewall. It plays into this liberal identity stuff.
2) individual donations aren't really a huge part of their income. Corporate image is important in both the fees they are generating and the donations in services they receive.
3) Government grants as almost as important as donations
4) Donations were down between 2016 and 2017 and there was an increased focus on corporate income which went up.
5) There is considerable rising spending on staffing
6) In 2017 Stonewall appears to have effectively run at a loss rather than a surplus. I stress this might have been been deliberate for some reason, and not a concern as there was plenty of money in the bank.
So where has this increase in income come from and what have they spent it on.
Let's start with 2016 figures
Individual donations - £1,359,199
Corporate donations - £218,761
Legacies - £155,214
Donated services - £6,368
Total £1,739,542
Grants £900,988
(Of which are government grants) £568,319
Total: £2,640,530
Compare with 2017
Individual donations - £943,460
Corporate donations - £104,698
Legacies - £96,611
Donated services - £187,371
Total £1,332,140
Grants £871,804
(Of which are government grants) £655,573
Total £2,203,944
And 2018
Individual donations - £977,026
Corporate donations - £365,757
Legacies - £181,699
Donated services - £167,537
Total £1,692,019
The increase has been significant in Corporate Donations.
Grants £1,927,407
(Of which are government grants) £610,591
And in Corporate Grants - notably £1,075,000 from The Monument Trust. (From the Sainsburys Family Charity Trusts - There are a number of important members of the Sainsburys Family. They are both Conservative and Labour supporters. I note that one of them, Lord Sainsbury was the UK's biggest political donor in 2016 donating to both Labour and the LDs in the run up to the EU ref. Then in 2017, he announced he would be ending his donations to politicial parties, and instead would focus on donating to charities: www.theguardian.com/politics/2017/jun/23/uks-biggest-political-donor-lord-sainsbury-to-end-his-contributions. Another senior Sainbury, donated over £100million to LGBT causes before his death. He married his gay partner shortly before his death)
The rest of the income falls under 'fees' or from assets:
Donations and legacies £1,692,019 (2017 - £1,332,140)
Grants £1,927,407 (2017 - £871,806)
Fee Income £2,731,225 (2017 - £2,644,908)
Programme income £754,996 (2017 £589,633)
Sponsorship £504,903 (2017 - £609,873)
Events Income £616,745 (2017 - £740,428)
Investment £52,943 (2017 - 409,633)
Other income (advertising income and merchandise) £417,112 (2017 - £409,633)
So the big difference from 2017 to 2018 was their Corporate Income and that single big grant from The Monument Trust.
And what did the money go on?
Expenditure
Fundraising £1,573,743 (2017 - £1,273,841)
Charitable activities
Campaigns, policy and research £4,073,920 (2017 - £3,112,101)
Employment Advice £1,781,939 (2017 - £1,961,719)
Empowerment Programmes £1,361,550 (2017 - £1,143,441)
It looks a lot to me like that extra million expenditure went on Campaigns, policy and research. Isn't that pure political lobbying?
And in terms of money going back to the grassroots there was less spent on employment advice. Instead it went to 'empowerment programmes'.
And lets take a look at 'Support Costs'
General Management £931,613 (2017 - £451,955)
Finance, operations, human resources and information technology £1,762,843 (2017 - £1,867,526)
The cost of General Management has nearly doubled in one year?! So to bring in £1.5 million extra, general management costs have doubled? Thats a big increase.
And lets look at staff cost:
Salaries £4,580,389 (2017 - £3,795,112)
Social Security £467,626 (2017 - £380,572)
Pension £296,615 (2017 - £249,262)
Temporary Staff £144,442 (2017 - £36,813)
Total £5,489,072 (2017 - £4,461,759)
So staffing has increased by £892,906. In a year.
And 1/9 of their income from the year came from one source. The Monument Trust. And that extra million pounds seems to have been spent pretty much solely on political lobbying alone.
I return to what I said on the Ruth Hunt is Leaving Thread
www.mumsnet.com/Talk/womens_rights/3514190-Ruth-Hunt-is-leaving-Stonewall?pg=12
In terms of what Stonewall actually 'do', they are a service. They aren't providing anything physical like food, clothes, water.
I have to ask a crucial question when reflecting on those figures, who are Stonewall serving? Is it the grassroots LGBT community still or is it their own nice little gravy train and the corporate cool?
Reflecting on the article that got me thinking, it's arguably an increasing real gray area surrounding Stonewall and it's purposes and services in 2019 because ironically if they are successful then they should be reducing their expenditure not increasing it!
And to that I must add the phrase:
Is Stonewall still charity for LGBT rights or is it purely a political group for a small interest group?