A tiny question - what’s “Red Nose Day,” pray tell.
Aside from that, taking money from the state is ridiculous. Non-profits in the US have sold their birthrights for this.
It’s been a while, bit IIRC it’s an annual fundraiser for Children in Need. Very big, lot’s of media involvement, tv specials, local events, etc. Been going on for ages.
A large, nationwide fundraiser for some "needy" cause. So named because everyone was supposed to wear a red, clown nose!
The closest to it we'd have would be Jerry Lewis' Telethon which one can simply ignore by flipping the channel but my memory of Red Nose Day was that it was ubiquitous. Anyone who was anyone was involved in it, including all the usual show biz suspects.