New for 2016/7 we are inviting all schools to participate in an exciting new challenge, open to children from Year 3 to Year 9.
The goal for children is to develop their entrepreneurial skills to run a money-making activity outside of school. Starting with £5 investment, the aim is to 'grow' this as much as possible, with all profits being donated to Momentum.
How it works
Children use £5 of their pocket money/borrow £5 from parents
Invest this £5 to purchase materials to start their challenge e.g.: if baking cakes, to buy the necessary ingredients
Children sell product(s) to friends, family, parents' work colleagues, or at their dance class, sports group, swimming club etc
Children (or their parents) pay in their profits online to their Schools Fundraising Page (more below).
All those who take part will receive a Momentum wristband and a certificate to thank them for their efforts. The top fundraiser for the 2016/7 Grow £5 For Mo challenge will win a set of DRE Beats Headphones!
I'm a school, how do I participate?
Contact firstname.lastname@example.org if you wish to take part
We provide you with Full Instructions (also available here) on how to set up your Schools Fundraising Page, which is where children/parents pay in the funds they collect, so avoiding your school having to handle lots of cash and administration.
The 2016/7 Grow £5 For Mo Challenge will run from September 1, 2016 until June 30, 2017, when the top fundraiser will be announced.
A case study
Jemima is a Year 5 student at a school in Richmond, who recently took on the £5 Challenge in aid of Momentum.
She chose to make earring and the bags she sold them in. She learnt new skills such as how to use a sewing machine independently, threading it and setting the tension correctly. She really enjoyed choosing fabrics to make the bags and the beads to make the earrings with. The lady who owns the Bead Shop in Teddington frequently gave Jemima advice about what materials to use to make the earring settings etc. She also researched further on the Internet. She found this all very interesting and became completely absorbed by it.
Jemima's mother Sally told us, 'Jemima found such pleasure in designing and making earrings for friends and family and found she was commissioned to make gifts. She was really pleased with how it took off and found the whole process really rewarding in every way. She continues to keep making earrings even though the challenge has finished!
From a parents perspective, I thought it was an excellent challenge with such an enormous variety of wonderful, and often inventive, money making ideas. It was interesting that the girls entered into this with such enthusiasm and really applied themselves to make a profit. Even though this profit was not for themselves they were really motivated to keep building on their 'business' to increase their charity donations.'