Form II
Form II have been learning about enterprise as part of Financial Education in PSHE and were set the task of pitching a product or service to a panel of ‘Dragons’, (as in Dragons’ Den). The groups produced some interesting and varied ideas including a ‘Magic Toaster’”, a clothing service to make customers’ designs a reality and a customised, monthly ‘care package’ with items such as cosmetic and hair products. These groups attracted a good level of investment and made very convincing presentations.
The winning and runner up groups successfully negotiated to reduce the amount of their company they had to give in return for their investment. The winners were Group 3 consisting of Emilia, Antonia, Esther and Minty with their charger using solar power. They have nominated UNCHR to receive their prize money of £50.
Runners- up were Group 5 consisting of Stella, Issey, Sofia B, Elisa, Georgina and Cathie with their ‘unlosable’ golf ball equipped with GPS and sound to locate it. They have nominated Guide Dogs for the blind to receive their prize money of £25.
Form III
Form III were asked to consider and plan for a financially viable and safe charity event, using Excel spreadsheets to organise their financial planning and to produce a risk assessment showing awareness of potential hazards and how these could be minimised. They were also expected to use their creativity to design and market their charity event. Tasks were allocated within the group, depending on the aptitudes and interests of each student.
The groups all worked with independence and collaborated well together, managing their time well. Mrs Frier, Bursar, judged the financial and risk assessment aspects of the project. The winning group for Budgeting was Group 3 with Rose, Lily, Charlotte and Anaya, who won a £50 donation to Cancer Research. The winning group for Risk Assessment were Group 1 with Jayden, Neriah and Inès who won a £50 donation to the Sudan Relief Fund. Mrs Frier also wanted to particularly commend Vi Hammoud for her confident presentation with a further £25 donation to Group 5’s chosen charity GOSH.
Financial education is an important part of PSHE, allowing young people to learn about managing money in preparation for their adult lives. It includes such topics as budgeting, saving and borrowing and the social responsibility of giving money to charity.
