Supported with financial advice and guidance from June Wilkinson from NatWest, the children divided into groups to tender for a contract, planning and designing menus, as well as the supply and serving of the food, before being judged on their ability to present and deliver a project on time and to budget.
The activities were part of NatWest MoneySense for Schools, a national programme set up by the bank to develop business and financial skills among young people it is the largest financial education programme in the UK.
Commenting on the event, June Wilkinson, NatWest MoneySense Coach said: "We've had a fantastic time and I have been really impressed with the creativity and business acumen the young people have shown. It's been great to see the team work displayed by the members of the different ‘companies' and to watch their self-confidence grow as the day went on. The importance of financial capability for young people cannot be underestimated as it's essential that they are equipped with the skills and confidence required to make decisions in adult life."
Lucy Cunnington, teacher at Pinner Park Junior School continued: "This has been a great activity, which the young people have really enjoyed. It's very important that they gain basic money management skills and have the opportunity to develop their entrepreneurial and creative abilities. This activity was an extremely practical and fun way of doing this and brought alive what happens in real life. We can't thank June and NatWest enough for making such a wonderful programme available to our pupils and for coming along to help us deliver it."
MoneySense for Schools has been developed in partnership with teachers to help schools and colleges teach personal money management and enterprise skills within the curriculum. It consists of a series of modules each of which can stand alone or be used in conjunction with others. It aims to engage young people in a variety of role playing scenarios, online and other interactive learning exercises to give them experience of making financial decisions.