YEADING Junior School in Hayes is celebrating after winning a national award for a project all about money management.
They were crowned winners of the Personal Money Management Award in the Community Education Awards 2014.
The awards are organised by the Police Community Clubs of Great Britain and aim to reward schools that have gone above and beyond promoting positive citizenship and responsible decision-making.
David Moran, teacher and coordinator for personal finance education at Yeading, accepted the award in front of a number of guests, including Chief Insp Mark Luton, Tracey Bleakley, chief executive of Personal Finance Edcuation Group, and representatives from Metro Bank, who have helped the school with their project.
The school focused on four core areas of learning: how to manage money, becoming a critical consumer, managing risk and emotions and how finance plays an important part in people’s lives.
It even developed its own currency, called Yeadoes, and banking system to teach children about managing money.
“Our board of directors (Year 6 children) run the bank,” said Mr Moran.
“Children save earned Yeadoes in a current account and they can earn interest. Each child has a bank book and an account on the school network (Excel spreadsheet).”
The award is one of 11 Community Education Awards.