Children in Need investment holdings rise to £94 million –

“Instead, the money is released over time so that the charity can monitor the work being done and feel confident that every penny the public has donated is being spent wisely, with the greatest possible impact on the lives of young people.

“This is a responsible, prudent way of managing charitable donations and explains why BBC Children in Need holds the cash it has. It has been allocated to projects – it just gets released over a period of time. If members of the public choose not to give to Children In Need as generously as they have in previous years, the people who will suffer will be vulnerable children living troubled lives.”

Children in Need, which airs on Friday, at 7.30pm on BBC One, will be hosted by Sir Terry Wogan, and features stars including One Direction and Dame Helen Mirren. The charity supports 2,500 projects and helps around half a million children a year. It has raised £790 million since it was founded in 1980.