Module 10: Enterprise
Fundraising/enterprise ideas
• Many schools run fundraising events. These
are ideal for learners to experience ‘real life’
activities which cover the statements specified
in the ‘Manage money’ element of the
numeracy component of the National Literacy
and Numeracy Framework (LNF).
• The following learner outcomes (in bold) may
be covered by a well-planned fundraising
event.
Routes to learning in the LNF
Manage
money
Learners are able to:
A steps
• give a coin in exchange for an item after observing
others do so in role play shop (may have no notion of
coin’s value but will engage in the social interaction).
B steps
• point to choice of item from two or three in role play
shop then give coin(s) in exchange
• find coins from a limited collection which are the same
as ones shown by the adult.
C steps
• give money in exchange for an item in a real shop
when coins and choice are prepared in advance
• sort coins according to one attribute, e.g. colour, size
or shape.
If applicable for your learners, are there opportunities in your teaching
for the above skills to be developed? Add your ideas to the Manage
money planner.
LNF learner outcomes
Manage money
Manage
money
Learners are able to:
Reception
• use 1p, 2p, 5p and 10p coins to pay for items.
Year 1
• use different combinations of money to pay for items up
to 20p
• find total and give change from 10p.
Year 2
• use different combinations of money to pay for items up
to £1
• find totals and give change from multiples of 10p.
Manage
money
Learners are able to:
Year 3
• use different combinations of money to pay for items up to £2
and calculate the change
• order and compare items up to £10
• record money spent and saved.
Year 4
• use money to pay for items up to £10 and calculate the change
• order and compare items up to £100
• add and subtract totals less than £10 using correct notation,
e.g. £6.85 – £2.76
• manage money, compare costs from different retailers and
determine what can be bought within a given budget.
Year 5
• order and compare the cost of items up to £1 000
• add and subtract totals less than £100 using correct notation,
e.g. £28.18 + £33.45
• plan and track money and savings by keeping accurate records
• realise that budgeting is important.
Year 6
• use the terms profit and loss in buying and selling activities and
make calculations for this
• understand the advantages and disadvantages of using bank
accounts
• make comparisons between prices and understand which is
best value for money.
Manage money
Learners are able to:
Year 7
• use profit and loss in buying and selling calculations
• understand the advantages and disadvantages of using
bank accounts, including bank cards
• make informed decisions relating to discounts and special
offers.
Year 8
• carry out calculations relating to VAT, saving and
borrowing
• appreciate the basic principles of budgeting, saving
(including understanding compound interest) and
borrowing.
Year 9
• calculate using foreign money and exchange rates
• understand the risks involved in different ways of saving
and investing
• describe why insurance is important and understand the
impact of not being insured.
Extension
• use and understand efficient methods of calculating
compound interest
• understand and demonstrate the real-life process of
foreign exchange
• understand and calculate income tax.
Big Ideas Wales
What is Big Ideas Wales?
Big Ideas Wales is a campaign to encourage young people
to be more entrepreneurial and to help those interested in
starting a business.
The campaign is managed by the Youth Entrepreneurship
Team within the Welsh Government.
The following slides provide an indication of how the
campaign can develop entrepreneurship with learners in
the primary and secondary sectors.
For more detail and resources visit
http://ms.fs4b.wales.gov.uk/sub_sites/big_ideas_wales.aspx
The following slides share
some fundraising and
enterprise ideas trialled by
teachers in schools in
Wales.
Fundraising/enterprise ideas
• The headteacher gives £10/£20/£50 to each class in an assembly.
Each class holds a money-raising event. In a follow-up assembly
they return the £10 along with any profit made.
• ‘Grow £1’ – Each child is given £1, they have to find ways to grow it,
e.g. make and sell items, offer a service, pool their money to start a
business with other learners.
• Learners bid for a specific amount of money in order to start up a
particular enterprise, e.g. pitch a bid for enough money to hire a
bouncy castle or to buy items needed to run a car wash. After the
event, they return the money along with the profit.
• A competition to see which group/class can raise the most amount of
money.
• Grow seeds – Each child is given a pack of seeds, can they make
money by growing them and selling the produce?
‘Making money grow’ ideas
(recommended by teachers)
Offer a service or put on a show/event/competition
• Car wash.
• Sports competition and charge learners to enter, e.g. tennis, table
tennis, penalty shoot out, fun run.
• Doing chores at home/in school.
• Sponsored events.
• Put on a show or talent contest.
• Afternoon tea dance.
• Disco.
• Nail bar.
• Face paints.
• Own clothes day – learners pay to wear own clothes.
• Quiz.
• Fete/fair games, e.g. throw a sponge at the headteacher, treasure
map.
‘Making money grow’ ideas
(recommended by teachers)
Making/selling ideas
• Sell snacks/smoothies/unwanted goods/Fairtrade items/cakes/etc.
• School fruit shop – groups of learners plan and run the shop their own
way for a week, e.g. selection of fruit, fruit kebabs, smoothies, fruit
salad. Which group makes the most profit?
• Auction/pledge – written bids on items for sale, highest bidder wins the
item.
• Fill a teacup/jam jar with items and sell, e.g. flowers, sweets, pens, tea
lights.
• Eisteddfod – sell Welsh products.
• Personalised items – photos, tea towels, mugs, magnets, key rings,
calendars and bags.
• Birthday or Christmas cards, e.g. handmade, published, personalised.
• One football is the prize and learners decide on how they can make the
most money from it, e.g. penalty shoot out, raffle, advertising, get it
signed by the local team and auction it.
• Grow a pack of seeds and sell the produce.
‘Making money grow’ ideas
(recommended by teachers)
Making/selling ideas
• Open a ‘pop up shop’ selling items to the public.
• Make and sell books, e.g. teachers’ favourite recipes, jokes, poems,
stories.
• CD or DVD of a school concert/songs.
• Art gallery and sale.
• Jewellery.
• Breakfast items/coffee morning/afternoon tea/barbecue.
• Market/car boot sale on the school yard.
• Models based on Eden project.
• Potions and lotions/pamper items.
• School garden – growing and selling produce.
• Make items to sell from recycled materials, e.g. Christmas
decorations.
Ideas for using the money
raised
• Use the money to ‘improve’ the school, using ideas
suggested by the learners, e.g. to buy class/school
equipment, wet playtime games, outdoor play
time/sports equipment, ICT resources, items for school
garden.
• End of term class trip/treat/party/prom.
• Donate to charity, e.g. equipment for a twin school, water
pump.
• Buy an area of rainforest/name a star.
• Share profits – 50% for charity, 50% for class/school.
Record, plan and track money
spent and saved
Ideas:
• Set a target amount for the learners to raise, e.g. £200
for outdoor play equipment.
• Learners can plan ways to raise the money.
• Record money saved/spent or profit and loss, e.g.
learners devise their own ways to record, use balance
sheets, spreadsheets.
• Ask the learners or display in the hall the question ‘How
much more do we need to save in order to reach the
target?’.
Questionnaire
Ideas:
Consider asking learners to plan and carry out a
questionnaire before the event to find out the following
information.
• What would you like to see/do at an event?
• What would you choose to spend your money on at
an event?
• How much would you be willing to pay?
Tried and tested tips for
successful events
• Advertise well.
• Take pre-orders where possible to cut down on wastage.
• Encourage learners to compare prices for materials. They
soon realise that by selecting the best price they can
maximise profit.
• Allow learners to have a non-uniform day for bringing in
items to sell at the fete.
• Split Year 5/6 learners into small groups to be
‘accountants/managers’ for the other classes in school.
This gives them real-life experience working at an
appropriate level and also helps class teachers of
younger learners.
• Practise a stall/event before the actual day in a role-play
situation.
Role play
Trying out a stall/event in a role-play situation can help the learners to
realise and overcome possible challenges. This should help the event to
run smoothly.
Examples:
• Pricing and change needed, e.g. if prices are 25p, lots of 5p coins will
be needed for change; if items are 99p, lots of 1p coins will be needed;
or decide to change the price to £1.
• Are the prices easy for customers to read?
• Do you want to advertise special offers?
• Is a queuing system necessary?
• How many sellers/tills are needed? Where should you place the tills?
• What is the price of 2, 3, 4, 5 items? Would a list of these be useful
(e.g. selling calendars at £1.25 each)?
• Do you need carrier bags?
• Would pre-ordering items help (e.g. fruit kebabs, personalised items)?
Successful links
Schools have held successful money-raising events linked
with:
• Healthy Schools (healthy food/fruit tuck shop/sporting
events)
• Fairtrade
• raising money for a twin school/adopted child in another
country
• the enterprise group of their local secondary school
• local businesses, e.g. local shops for goods,
printers/publishers for advertising or printing
cards/calendars
• young enterprise competitions/initiatives
• European cooperation day.
Websites and resources
• Big Ideas Wales
A campaign to encourage young people to be more entrepreneurial and to
help those interested in starting a business.
http://ms.fs4b.wales.gov.uk/sub_sites/yes.aspx
•
Enterprise troopers
http://enterprisetroopers.com/
•
Dynamo resources
http://ms.fs4b.wales.gov.uk/sub_sites/yes/content/dynamo/curriculum_materials/dyna
mo_1.aspx?lang=en-gb
•
pfeg
A variety of enterprise resources and case studies suitable for primary and
secondary practitioners.
www.pfeg.org
See ‘Enterprise’, Learning about money in the primary classroom.
•
Trade Your Way
www.bbc.co.uk/schools/teachers/tradeyourway
•
Values, Money and Me – Entrepreneur Challenge
www.valuesmoneyandme.co.uk/calculators/challenge.html