itsnotoutthere Posted October 23, 2013 #1 Share Posted October 23, 2013 "The planned broadcast of a Panorama investigation into Comic Relief has reportedly been cancelled after a string of BBC executives ruled themselves out of making decisions about it. The documentary is understood to examine how the charity allegedly invested £150 million of its funds for up to eight years, before handing the money to the causes for which it had been raised. Some of the money was allegedly invested in tobacco firms and an arms company. By the end of last year, the charity was allegedly sitting on £261million in a mixture of shares, bonds and cash. The six-month investigation also explores how staffing costs at Comic Relief have allegedly almost doubled from £7.1million a year in 2008 to £13.5 million by 2012." Link :- http://www.telegraph.co.uk/culture/tvandradio/bbc/10393457/BBC-shelves-Panorama-expose-of-Comic-Relief.html And remember folks keep paying that T.V. licence or we'll put you in prison. 7 Link to comment Share on other sites More sharing options...
freetoroam Posted October 23, 2013 #2 Share Posted October 23, 2013 The only thing which confuses me about the article is why use the word "allegedly" Link to comment Share on other sites More sharing options...
CatFromHell Posted October 23, 2013 #3 Share Posted October 23, 2013 (edited) Nothing surprises me anymore, The only charity I will gladly give money to is the RSPCA. The rest can sod off. Edited October 23, 2013 by SheWomanCatTypeThing Link to comment Share on other sites More sharing options...
questionmark Posted October 23, 2013 #4 Share Posted October 23, 2013 Nothing surprises me anymore, The only charity I will gladly give money to is the RSPCA. The rest can sod off. All charities invest their emergency funds in something as just having them in a bank costs money, does not get anything. Link to comment Share on other sites More sharing options...
CatFromHell Posted October 23, 2013 #5 Share Posted October 23, 2013 (edited) All charities invest their emergency funds in something as just having them in a bank costs money, does not get anything. Never suggested otherwise. Its what they invest in that bothers me. Hey, Lets try to ease human suffering by investing in something that will cause more human suffering. Edited October 23, 2013 by SheWomanCatTypeThing Link to comment Share on other sites More sharing options...
questionmark Posted October 23, 2013 #6 Share Posted October 23, 2013 Never suggested otherwise. Its what they invest in that bothers me. Hey, Lets try to ease human suffering by investing in something that will cause more human suffering. If they had to wait until they collected the money with every emergency they might as well not do anything at all. The money is needed then and not 6 months later. And the only way to do that is to have money somewhere. And there are two ways of having money: In a current account (costs money) or in an investment account (brings money). I am in favor of brings money. Link to comment Share on other sites More sharing options...
CatFromHell Posted October 23, 2013 #7 Share Posted October 23, 2013 Good for you. Link to comment Share on other sites More sharing options...
CatFromHell Posted October 23, 2013 #8 Share Posted October 23, 2013 (edited) Good for you, And charity is a wonderful thing. And this way, We can create even more charitable causes, Woo. Just count me (and a few others i know) out. Having worked for a (small) charity myself for the past 7 years, I know how uncaring they can be. Not to mention wasteful. Edited October 23, 2013 by SheWomanCatTypeThing Link to comment Share on other sites More sharing options...
skookum Posted October 23, 2013 #9 Share Posted October 23, 2013 Not surprising at all. It is foolish to believe that anything other than a tiny proportion of money donated actually goes to the cause it is being raised for. Charities have highly paid directors, senior mangers, regional mangers just like any other business. 1 Link to comment Share on other sites More sharing options...
seeder Posted December 10, 2013 #10 Share Posted December 10, 2013 (edited) In the news again!! How Comic Relief invests millions in arms, tobacco and alcohol: Panorama expose also reveals charity is sitting on £100m and will not say how money is spent * Charity invests cash in controversial firms to fund £17m running costs * Documentary was shelved for two months by nervous BBC execs * Charity is 'risking reputation', says ethical investment expert * But Comic Relief says 'ethical screening' would 'increase financial risk' http://www.dailymail...l#ixzz2n3TYFnni and http://www.bbc.co.uk/news/uk-25273024 This can be viewed TONIGHT on UK TV, or afterwards on BBCi player here http://www.bbc.co.uk/iplayer/episode/b03nkp7s/Panorama_All_in_a_Good_Cause/ Edited December 10, 2013 by seeder 1 Link to comment Share on other sites More sharing options...
Mr.United_Nations Posted December 10, 2013 #11 Share Posted December 10, 2013 Well Comic Relief is dead then i guess 2 Link to comment Share on other sites More sharing options...
seeder Posted December 10, 2013 #12 Share Posted December 10, 2013 Well Comic Relief is dead then i guess I for one wont be sorry NOT to see it all the damned evening on TV !! Yeh but its a shoddy practice for a charity isnt it? Think of all that interest they can keep 2 Link to comment Share on other sites More sharing options...
toast Posted December 10, 2013 #13 Share Posted December 10, 2013 Next I would like to see the complete sheets showing CR´s management wages including company cars and travel expenses. 4 Link to comment Share on other sites More sharing options...
seeder Posted December 10, 2013 #14 Share Posted December 10, 2013 Comic Relief to do 'full review' of investment policy http://www.bbc.co.uk/news/uk-25324038 I wonder how public this review will be? Link to comment Share on other sites More sharing options...
seeder Posted December 10, 2013 #15 Share Posted December 10, 2013 If youre in the UK its another hour till its shown on BBC1 1 Link to comment Share on other sites More sharing options...
Ealdwita Posted December 12, 2013 #16 Share Posted December 12, 2013 I for one wont be sorry NOT to see it all the damned evening on TV !! Yeh but its a shoddy practice for a charity isnt it? Think of all that interest they can keep Nothing like a good old-fashioned 'Bore-athon' to get to you bed early on a Friday evening! Link to comment Share on other sites More sharing options...
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