Over on Reddit, P-t-d has done some useful work:
After being surprised by how bad a position Stonewall's accounts showed them to be, I decided to do a quick check on our other organisations.
The reports currently out are for financial year ending in March 2025 and so predate the end of USAID and Trump's reduction in funding to our organisations.
Most of the organisations I looked at are charities and so have a operating Surplus/deficit rather than a Profit/loss however for easy comprehension I am using Profit/loss here.
Unlike commercial organisations charities shouldn't aim for large profits; they are obliged to spend what they receive however they shouldn't be making large losses either.
For those unaware, when looking at the health of charities one has to draw a distinction between Restricted and unrestricted funds/reserves.
It is a crime to spend Restricted funds on anything but their intended purpose. It is therefore possible for charities to collapse despite having full bank accounts on paper if those accounts are full of Restricted funds.
For this reason the Charity Commission advices charities to have a minimum of 3 months (with 4-6 preferred) operating costs in unrestricted funds in their reserves at any given time. I have noted where this has not been met.
That said, most charities fo not see their income drop to 0 overnight, so I have also noted how long charities can sustain their current losses based on their current reserves.
The results of my reading is concerning:
The LGBT Foundation
Income down on previous year.
Reserve is below 3 months operating costs.
Net loss of £280k
Reserves sufficient to sustain the loss for only 4 years.
Mermaids
Income down on previous year
Reserve is below 3 pr
operating costs.
Net loss of £280k
Reserves sufficient to sustain the loss for 1 more year. Urgent restructuring undertaken in 2025 to avoid collapse.
Gendered Intelligence
Income down on previous year
Reserve is below 3 months operating costs
Net loss of £290k
Reserves sufficient to sustain the loss for 1 more year.
GIRE
Income down on previous year.
Reserve is over 6 months operating costs.
Net loss of £16k.
Reserves sufficient to sustain the loss for 2 more years.
Consortium.lgbt
Income down on previous year.
Reserve is 4 months operating costs.
Net loss £49k.
Reserves sufficient to sustain the loss for 1 year.
TransActual
Not a charity, only 1 years accounts avaliable.
Reserve is much more than 6 months.
Net profit of £123
Translucent
Not a charity.
Accounts not properly made up- looks like they mean they meet their expenses through the private funds of the members on as needed basis.
LGBTYS
Income down on previous years.
Reserves are less than 3 months operating costs.
Unrestricted reserves are much less.
Net loss of £7k.
Substantial reserves of 387k can support the loss for a very long time.
I was furious at the lukewarm response from our organisations to FWS in April 2025, however I hadn't realised how bad the financial situation was across the board. I think this adds an important contextual clue to why we were abandoned.
https://www.reddit.com/r/transgenderUK/comments/1q5etdz/stateofthegame20242025/