BBC Children in Need has kept £87.7million stashed away in its investment portfolio instead of giving it directly to charity, its latest accounts reveal.
The charity, which has raised more than £600million for youngsters in the UK since 1980, is preparing to launch a fresh appeal to viewers next month.
But some donors may be surprised to discover it does not give the money directly to good causes.
Children in Need has £87,705,000 invested in a range of portfolios, up from £81.2million last year. Another £2.2million is sitting in its bank accounts, up from £864,000 last year.
The accounts reveal it paid £9,000 in fees to fund managers and made £893,000 in investment income.
Its latest charity drive will include a series of celebrity-endorsed fundraising campaigns, and with the profits of a recently released BBC recording of the Beach Boys track God Only Knows, is expected to raise more than £20million. Full story...
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The charity, which has raised more than £600million for youngsters in the UK since 1980, is preparing to launch a fresh appeal to viewers next month.
But some donors may be surprised to discover it does not give the money directly to good causes.
Children in Need has £87,705,000 invested in a range of portfolios, up from £81.2million last year. Another £2.2million is sitting in its bank accounts, up from £864,000 last year.
The accounts reveal it paid £9,000 in fees to fund managers and made £893,000 in investment income.
Its latest charity drive will include a series of celebrity-endorsed fundraising campaigns, and with the profits of a recently released BBC recording of the Beach Boys track God Only Knows, is expected to raise more than £20million. Full story...
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