The School: St Marys and St Johns CE School

St Mary’s and St John’s CE School have been a partner school of Enabling Enterprise for several years, meaning that all of their students have the chance to take part in regular lesson-time projects as well as going on trips to different businesses every term. On this trip, we were working with their Year 5 & 6 classes who had taken part earlier in the year in the Social Entrepreneur Challenge Day setting up social enterprises to help their local community. The trip would see them using all of their enterprise skills.

The Business: RBS, London

RBS is a large international bank and a major financial service company that has a substantial global presence. The trip was a great opportunity for students to find out a bit more about the financial world and to work with employees from different areas of the bank.

The Challenge: Money Matters

The focus of the day was to learn about risk and return. The RBS volunteers introduced the students to the concept of banking, and how understanding risk and benefit was essential to managing customers’ savings and borrowings. Students were given the opportunity to tour the banking hall of a NatWest Branch and then were set the challenge of starting up a sweet shop – pitching for investment, choosing their stock, and then finding out which brands had performed best and calculating their financial return.

The Results:

Despite the students only being in year 5 & 6, the volunteers from RBS were astounded by how quickly they grasped the key concepts of income, expenditure and profit, not to mention risk, return, and interest. By the end of the day, all the teams of students were able to give an articulate explanation of their business plan, how they had managed risk, and ultimately the return they had generated.

What they said:

  • “We were really pleased because we made a very large amount of profit, more than we were hoping to!” – Student, St Mary’s and St John’s CE School
  • “It was brilliant to have people from the banking industry to explain the world of finance and to teach the students vocabulary like profit and loss. The students who said they want to go into ‘business’ now know what it means” – Teacher, St Mary’s and St John’s CE School
  • “It was a great day and it didn’t feel like a classroom – it felt like the children were young entrepreneurs.” – Volunteer, RBS

Thanks to RBS for such a great trip day, and to Year 5 & 6 at St Mary’s and St John’s CE School for coming along. We hope the skills you learnt will be useful in the rest of your enterprise projects this year!

Enabling Enterprise are working in partnership with schools and businesses to support students to build enterprise skills and aspirations. Find out more by contacting us.

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