By bizn_fun 
The report said Manchester Pride began 2025 in “challenging circumstances”, and also had to contend with the cost-of-living crisis and issues affecting the wider events industry.
Organisers had hoped the launch of the Mardi Gras event at Mayfield Depot would help to shore up the charity’s finances and create a template for future years, it adds.
“But as delivery of the festival drew closer, the pace of ticket sales did not accelerate as expected,” the report says.
Ultimately, the Mardi Gras event was not successful, the report says, and the losses it generated cancelled out profits from the annual Gay Village Party in the city.
Once it became apparent it had lost money for a third year in a row, the report says bosses sought financial advice and were told they should not make payments to suppliers until their financial position became clear.
It also said the charity prepared a “compelling” bid to Manchester City Council seeking support, but the authority was unable to help after weeks of deliberation.
During this time, it was also waiting to learn whether it had been selected to host EuroPride 2028.
Winning the bid would likely have meant “significant grant funding and sponsorship support would be available”, the report says.
After learning they had been unsuccessful on 11 October, the report says Manchester Pride’s bosses called an emergency meeting where they explored remaining options to keep the charity going.
Ultimately, the report says, they opted to place the charity into liquidation.