<P> The July 2010 accounts for charity registration 326568 show grant payments of £ 59 million, net assets of £ 135 million, with an investment portfolio held in a range of managed pooled funds and fixed term deposits . The average full - time staff was 214, with 14 staff paid over £ 60,000 with remuneration for the year, excluding pensions, for Kevin Cahill, chief executive of £ 120,410 . </P> <P> In 2002, Comic Relief and BBC Sport teamed up to create Sport Relief, a new initiative, aiming to unite the sporting community and culminate in a night of sport, entertainment and fund - raising on BBC One . Sport Relief is a biennial charity event, and the campaign deliberately alternates years with Red Nose Day, Comic Relief's flagship event . Red Nose Day occurs in odd - numbered years, and Sport Relief in even - numbered years . </P> <P> In 2009, Comic Relief launched a website calling for a financial transaction tax, the "Robin Hood" tax . </P> <P> At the end of the 2015 Red Nose Day telethon on 14 March it was announced that in the 30 - year history of Comic Relief the Red Nose Day and Sport Relief appeals had raised in excess of £ 1bn (£ 1,047,083,706). </P>

Where did the idea of red nose day come from