WorldPride, an event that was meant to showcase London as a leading city for LGBT rights and life, is fast resembling a paltry village fete. Now, it’s up to all those who honour Pride’s core values to call on Boris Johnson to intervene, and to step up and be counted themselves on Saturday, whatever the state of the parade.

If you don’t already know (and it’s been so little reported in the mainstream press you probably don’t), last Thursday WorldPride organisers Pride London revealed that a shortfall in funding, estimated to be around £66,000 by the LGBT VSO coalition Consortium, would mean drastic last-minute changes for this Saturday’s WorldPride parade day. No special events in Soho, a reduced rally in Trafalgar Square, no outdoor drinking and late licensing in Soho and most galling of all, no floats – floats which volunteers and LGBT charities have invested precious hours and pounds in constructing (with a minimum cost of £2,500 just to secure one), and are now out of pocket for having done so. Being unable to pay for the requisite policing means the procession start time has been moved forward by two hours, scuppering thousands of pre-arranged travel plans, and the official Pride magazine, which details the day’s schedule, has been out of date since it dropped off the press. The one million or so expected visitors are currently en route to a glorified march about town, something akin to what Pride London’s bizarre sleight of spin calls "the roots of the original Pride London rallies". But 40 years later, even Peter Tatchell, the founder of that first march, considers the comparison a travesty, not a compliment: “We’re not only letting down LGBT people in Britain, we’re also betraying the trust and confidence of LGBT people world-wide. This is an absolute disaster,” he said.

WorldPride in London should have been a spectacular party which reminded the international community of the ever-pressing need to fight for the rights of LGBT people, wherever they may be. Now, both the party and the political message have been egregiously undermined by the committee’s incompetence and nonsensical hesitancy in admitting it needed funding help. If the event is allowed to fall apart, London’s claim to being a city of tolerance and social liberalism will surely be tarnished.

Meanwhile, the LGBT community and those involved with the event are conflicted about the best way forward. In an open letter to Boris Johnson, a Facebook group called Shame London have asked the Mayor "to provide equivalent funding to the Notting Hill Carnival", which would enable the parade proper to be reinstated. Since the GLA has in fact already donated £100,000 to the event, others disagree that it is Johnson’s duty to step up to the plate. Some have called out for a celebrity donor, or Soho businesses that profit year round from the LGBT community, to put up the cash; others claim to be prepared to fundraise themselves. Pride London is the only official group with the means to distribute gathered funds, but vitriol for them is now so intense that many potential supporters would not pass a penny the committee’s way whatever it could now pull off. Somebody, then, must surely act as both a mediator and a guarantor.

Late last night, Pride London confirmed that it had secured the support of two sponsors, Smirnoff and QSoft in meeting some of the deficit, theoretically enabling the restoration of the floats to the parade and the closure of selected Soho roads, should the GLA agree. A final all-agencies meeting is planned for later today where the restoration of WorldPride now depends on the cooperation of Westminster Council and the Met, or a top-down order from the only man who can demand it: the Mayor himself.

Johnson’s reticence to intervene so far is not exactly reassuring. Would Johnson not have offered help immediately if the Jubilee celebrations had been financially mismanaged? Or the Olympics? Even the most cynical of us can see that the furore presents Johnson with the perfect political opportunity to up the Tories’ liberal cuddle-credentials. So what point has the Mayor made by so far failing to step in and save the day? That you can put a price on protecting and promoting human rights, and it stands at roughly £66K?

In the meantime, besides occupying City Hall, or picketing Boris’ home, what can any of the appalled rest of us do? Well, join the Shame London Facebook campaign and email the Mayor. Or use a similar letter drafted by Consortium to put pressure on the GLA to reinstate the original plans. And – most importantly - plan to attend WorldPride on Saturday, of course, however the event turns out. Even if we can’t party as hard as we were hoping, we can still do what thousands of other individuals still waiting for LGBT acceptance around the world cannot; march with our friends and loved ones and say to the world, it’s ok to be gay. Whatever Pride London or the authorities owed us in honesty or actions, we owe it to all those denied the right to LGBT identity to show that solidarity.