Organise a Knit-a-thon.
Loads of wimmin in deck chairs sitting around the village/town square knitting. Collection tins next to each one.
This was done in Prestatyn a couple of years ago and got good publicity on local news, press etc and collected a fair few bob.
Doesn't matter what they are knitting but baby clothes produce a quick (in a day) result and the end products can be either auctioned off or sent to foreign climes via Oxfam or similar. Alternatively they could all knit socks for soldiers. Not as daft as it sounds but socks are, I am told, more difficult to knit. Certainly soldiers need socks and now-a-days they have to pay for their own.