Last year's BBC Children in Need appeal raised a record £39m.
The appeal raised £20.3m during the TV broadcast in November and has collected an extra £18.7m since. Its fundraising total in 2008 was £38.2m.
Third Sector reported in March that David Ramsden, chief executive of BBC Children in Need, told a fundraising conference he expected the final figure for the 2009 appeal to be £40m.
A spokeswoman for the charity said it expected to meet the £40m target by the end of its financial year in October.
BBC Children in Need yesterday named the second batch of organisations that will receive a share of £10.9m for projects to support disadvantaged children and young people. Two more sets of funding will follow.
Ramsden said: "Thanks to the overwhelming generosity of our supporters we are thrilled to announce that we have raised a record amount of money, which will make a real difference to young lives right across the UK."