England & Wales · Registered 1984
Charity Projects
Grant-maker. Distributes to frontline charities.
Grade
B
Tight governance and a credible grant-making record, with the structural caveat that it is a middleman and spends heavily to raise its income.
Do Gooder verdict
A well-run grant-maker that regrants donor money to frontline causes and keeps governance costs tiny, but adds a layer between you and the work and carries real fundraising and operating overhead.
Reviewed 5 Jun 2026 · Rees Calder
Income
£51m
51,139,000
Spending
£50m
49,858,000
Trustees
15
155 staff
Year ended Jul 2025 · 10 months ago
The scorecard
How we’d grade each part of the job
No charity is one thing. Humanitarian response, long-term development, campaigning, safeguarding. We’ve graded each separately, because an A on one doesn’t cover for a C on another.
Grant-making
StrongA pure regranter with a long track record
Comic Relief, registered as Charity Projects, distributes money to frontline organisations rather than running services itself.<sup><a href="#source-1">1</a></sup> It made £30.7m of grants to institutions in the year to 31 July 2025.<sup><a href="#source-1">1</a></sup> Since 1985 it has raised over £1.6bn through Red Nose Day and related campaigns.<sup><a href="#source-3">3</a></sup>
Governance efficiency
StrongGovernance costs are tiny relative to scale
On £49.9m of spending, governance was just £0.08m.<sup><a href="#source-1">1</a></sup> With only 155 employees and a 15-trustee board running a £51m operation, the central machine is lean for a charity of this profile.<sup><a href="#source-1">1</a></sup>
The middleman layer
MixedYou are giving to a giver, not the frontline
As a grant-maker, Comic Relief sits between your donation and the work it funds. That can be a feature, because it does due diligence and aggregates, but it is also a layer of cost and judgement. Raising funds cost £13.5m of the £49.9m spend.<sup><a href="#source-1">1</a></sup>
Accounts
Where the money sits
Latest year
Year ended Jul 2025
Income
£51m
Spending
£50m
Multi-year history unlocks once CharityBase access is wired. For now we show the latest filed year only.
Research
Our own reading of the charity. Written once, reviewed twice a year, every factual claim footnoted.
Last reviewed 5 Jun 2026
What Comic Relief actually is
Comic Relief, registered with the Charity Commission as Charity Projects, is a grant-making charity, not a frontline service provider.1 It was founded in 1985 by Richard Curtis and Lenny Henry, and it raises money through Red Nose Day and similar campaigns, then distributes that money as grants to other organisations doing the actual work.3 Across its history it has raised over £1.6bn.3
That structure matters for how you evaluate it. You do not judge Comic Relief on whether it personally feeds anyone or houses anyone. You judge it on how well it raises money, how well it chooses grantees, and how little it loses to overhead in the middle. It is, in effect, a fundraising-and-redistribution layer.
Where the money actually goes
For the year ending 31 July 2025, Comic Relief reported income of £51.1m and spending of £49.9m, a small surplus on the year.1 Income was mostly donations and legacies at £42.7m, with investment income of £3.9m and other trading of £4.6m.1
The spending tells the grant-maker story. Charitable activities were £36.4m, within which grants to institutions came to £30.7m.1 Raising funds cost £13.5m, and governance was a negligible £0.08m.1
Two honest observations. First, the governance figure is genuinely small, which speaks to a lean central operation: 155 staff and 15 trustees running a £51m charity.1 Second, the fundraising line at £13.5m is sizeable. Producing a televised national fundraising event is expensive, and that cost comes off the top before grants flow. So roughly £30.7m of the £49.9m spent reached grantees, with a meaningful slice consumed by the cost of raising it.
How effective is it as a grant-maker
The right test for a regranter is grantee selection and overhead, not frontline delivery. On overhead, Comic Relief looks lean at the governance level but carries real fundraising cost.1 On selection, it has a long, public track record of grant-making across UK and international causes.3
The structural caveat is unavoidable: a grant-maker adds a layer. If a donor already knows which frontline cause they want to back, giving directly removes Comic Relief’s cut and its choices. If a donor wants someone to aggregate, vet and distribute on their behalf, the layer is the service they are paying for. Neither is wrong; they suit different donors.
The bottom line
Comic Relief is a competent, lean-governance grant-maker with an enormous fundraising track record.13 The caveats are inherent to the model: you give to a giver, and a real share of income goes to producing the fundraising that brings it in. Give with eyes open. Good if you want vetted redistribution; less efficient if you would rather fund the frontline directly.
Sources
- 01Financial history CHARITY PROJECTSaccessed 5 Jun 2026
- 02A just world free from poverty | Comic Reliefaccessed 5 Jun 2026
- 03Comic Relief – Wikipediaaccessed 5 Jun 2026
Maybe not this one
If that’s not what you’re after
If you would rather give directly to frontline work, or maximise measurable good per pound, consider these.
Website
www.comicrelief.comData: findthatcharity · Refreshed 0 days ago
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