Ria
13th November 2014, 07:24
Why is Children In Need sitting on a £90million fortune? Charity stashes sum away in investment portfolio instead of handing it out
Charity also has £2.2million in its accounts up from £900,000 last year
Spokesman said money being temporarily held and would be given away
In 2008 BBC faced investigation after keeping £100,000 of charity money
By ALASDAIR GLENNIE FOR THE DAILY MAIL
PUBLISHED: 00:45, 15 October 2014 | UPDATED: 07:24, 15 October 2014
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.
http://www.dailymail.co.uk/news/article-2793340/why-children-need-sitting-90million-fortune-charity-stashes-sum-away-investment-portfolio-instead-handing-out.html
Click on link for info and
Scroll down for video
Charity also has £2.2million in its accounts up from £900,000 last year
Spokesman said money being temporarily held and would be given away
In 2008 BBC faced investigation after keeping £100,000 of charity money
By ALASDAIR GLENNIE FOR THE DAILY MAIL
PUBLISHED: 00:45, 15 October 2014 | UPDATED: 07:24, 15 October 2014
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.
http://www.dailymail.co.uk/news/article-2793340/why-children-need-sitting-90million-fortune-charity-stashes-sum-away-investment-portfolio-instead-handing-out.html
Click on link for info and
Scroll down for video