Open and close nav menu Donate (opens in new window) FINANCES Comic Relief has formal policies relating to its investments, its reserves and its grant making which govern the way we operate our core business. We are committed to allocating all the money raised during Red Nose Day before the next Red Nose Day two years later. And we take the same approach with Sport Relief. WHAT WE DO WITH OUR GRANTS MONEY Our grants money isn’t paid out all at once because some of the grants we give last for a long time – up to six years – and we need to make sure the money is being spent as we agreed. That’s why we phase the payments and ask the organisations to report on what they’re doing with the money before the next payment is made. And while we're waiting to pay all those charities and organisations their next instalments, we have a lot of money waiting to go out. We invest that money to try and make it into even more money. That’s why we have a team of the UK's best financial experts advising us how to invest that money wisely. To ensure that our investments do not conflict with our grant making, we do not invest in companies that manufacture armaments or tobacco products, or whose primary business is adult entertainment or the manufacture of alcohol products. You can find out more about our investment approach in our Annual Report and Accounts. The additional money we make is then spent on running Comic Relief and making sure we can create another standout campaign the following year, and raise even more for the thousands of projects we support across the UK and the world’s poorest communities. We have other money to help run ourselves too – some is from corporate partners, some is from the Government and some is from other income sources. OPERATING INCOME AND EXPENDITURE STATEMENT In order to run itself in a professional and effective way Comic Relief incurs necessary costs. Raising funds, making grants and organisational overheads cost real money. Despite these costs, Comic Relief is committed to making sure that as much as possible from every pound the charity gets directly from the public goes towards helping people living incredibly tough lives, or dealing with social injustice. This includes the cost of making sure that our grants are allocated to good projects and properly monitored and evaluated. ANNUAL REPORTS AND INVESTMENT POLICY Annual report and accounts, 2019/2020 Read now (opens in new window) Annual report and accounts, 2018/2019 Read now Annual report and accounts, 2017/2018 Download Annual report and accounts, 2016/2017 Download (opens in new window) Annual report and accounts, 2015/2016 Download (opens in new window) Annual report and accounts, 2014/2015 Download (opens in new window) Trustees' report and accounts, 2013/2014 Download (opens in new window) Trustees' report and accounts, 2012/2013 Download (opens in new window) Trustees' report and accounts, 2011/2012 Download (opens in new window) Investment review six months on Download (opens in new window) Investment review panel report Download (opens in new window) (opens in new window) (opens in new window) (opens in new window) (opens in new window) Footer navigation Campaigns Campaigns The Big Night In Sport Relief 2020 Hear from us Update your preferences Get in touch Contact us Reporting complaints & concerns Your Gift Aid FAQs About us Mission Finances Partners Meet the Team Sport Relief 2020 Careers Work at Comic Relief Open roles News News Press area Legal Privacy Notice Terms of use Cookies Positive Practices Text to donate terms and conditions Comic Relief’s Statement on Modern Slavery and Human Trafficking Prize draw terms and conditions Comic Relief is the operating name of Charity Projects, a registered charity in England and Wales (326568) and Scotland (SC039730), which is a company limited by guarantee registered in England and Wales (01806414). Registered address: 1st Floor, 89 Albert Embankment, London, SE1 7TP. HOW DO YOU LIKE YOUR COOKIES? We use clever little cookies to get to know how you use our website. It’s just so we can give you a better browsing experience and show you things that are more relevant, like advertising, social media features, and content. We don’t serve them with milk, but our yummy little cookies could help you have a better time on our website. Choose below how you want your cookies. Yummy, I love cookies! I’m watching my cookie intake