The Rotary Foundation is to benefit from a new educational game that teaches financial literacy.
The Financial Game, which covers topics like income and expenditure, construction of balance sheets and financial ratios, will receive its worldwide launch at the Rotary Conference in Manchester.
It comprises of a mobile app which can be accessed by smartphone and tablet and uses lifelike scenarios to educate and engage users.
Roughly 10% of the income from sales will be donated to the Rotary Foundation, potentially raising many thousands of pounds a year for the charity.
Developed by chartered accountant Tim Hill, the app has been warmly received by pupils in trials at The Coleshill School, Warwickshire.
One pupil said, “The variety of activities kept each section interesting” while another added, “anyone doing A Level in Business would benefit from this.”
It wasn’t just the pupils who were seeing a benefit, as teacher Dan Howard commented, “The app is useful as a teaching aid, but more importantly will inspire students to access financial information outside the classroom.”
The app is available in two levels, a free download which triggers a 10p donation and an expanded paid-for version, costing £3.99, which triggers a 30p donation.
A code is required in order to trigger the donation on the free version, details of which are at the end of this page. No code is required to trigger the donation in the paid-for version.
Tim is delighted to use the app to not only teach important business skills, but also benefit hundreds of life changing projects The Rotary Foundation facilitates every year, “I am so pleased to be partnering with Rotary in a way that helps to promote the app to potential customers while raising funds for the Rotary Foundation.”
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“This fits so well with Rotary’s ambitions to support
education for children and literacy.”
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“Everyone recognises that there is a dramatic lack of financial awareness, not only in the younger generation but among employees and managers in industry and commerce. These fundamentals should be a life skill for everyone.”
“The app is being rolled out in the UK to start with. Worldwide, 75 million people over the age of 15, or 17 per cent of the global population, is illiterate, so there is lots of potential for a similar fundraising partnership with Rotary International.”
“My goal in creating this app is to help strengthen the capacity of communities to support basic education and increase adult literacy. This fits so well with Rotary’s ambitions to support education for children and literacy for children and adults.”
“Development of this app has been my passion for a number of years. I am so pleased to be partnering with Rotary in a way that helps me to promote the app to potential customers while raising funds for the Rotary Foundation.”
“I am also talking to KPMG and other FTSE 350 companies about developing bespoke versions for staff training and for clients who are not financial experts and need to understand accounting.”
The app works intuitively and teaches in a fun way via experiential learning. A multi-user licence will also be rolled out to schools and academies at a predicted cost of £500.
For Rotary members downloading the app, the code is the word ‘Rotary’ followed by your district number, for example Rotary1060. For more information please contact the Financial Games’ Tim Hill or Derek Booth.
Published: Thursday 30th March 2017
