TENNER PAYMENTAPPLICATION FORM - MAIN CHALLENGE 2018 Please complete this form, which is used to provide you with the Tenners, via an electronic payment to your ‘School’(School/Academy/FreeSchool/College etc.) bank account. Forms must be signed and returnedas soon as possibleto confirm registration. Delay in returning your form may mean we cannot process your funds in time for the start of theChallenge.

Please submit this formvia . This website uses SSL encryption to ensure secure transmission of your payment information.

Lead Name / Email Address
Finance Contact Name / Email Address / Tel No
School Name
Full Address
including postcode
Bank Name
e.g. HSBC Bank plc
Bank Sort Code
e.g. 40-35-35 / – / –
Bank Account No.
e.g. 51154656
Bank Account Name
e.g.ABC School
Total No. of students participating (no limit) / Total amount of money requested
(limit of £500 per school) / £ / Additional funds required? Remember, funding does not have to be £10 per student, it can be run per business so could be per pair, team, or class. Or can your organisation self fund the remaining amount? The same rules on returning the Tenner will apply so you should receive back this funding within the month and you keep the profits.
Unique Reference No.
(for YE official use only)

By signing this form you are accepting the full terms & conditionswhich can be found on the website ( turnover for the payment T&Cs.

Signed by authorised signatory: ______Print name: ______

Position: ______Date: ______/______/2018

Payment Terms and Conditions – for full T&Cs visit

In these terms and conditions “YE”, “We”, “Us” or “Our” means Young Enterprise (registered company number 712660; registered charity number 313697) and “You”, “Your”, or the “Organisation” means the school, academy, free school, college that participates in Tenner Challenge 2018 (also referred to as the “Challenge”). “Participant” means any student who partakes in the Challenge and at the end of the Challenge, You may arrange for one or more of your Participants to enter the “National Competition” in which winners will be announced and awards will be given out.

1. The Challenge

1.1We will pledge You £10 (ten pounds sterling) per Participant up to a limit of £500 (the total funds advanced are referred to as “the Funds” in these terms and conditions

1.2Participants may work in groups (a “Team”) or individually. It is for You and the Participants to determine the amount of Funds to be allocated to a Team (up to a maximum of £10 per Participant).

1.3Participants are challenged to make as much profit as possible and make a difference through enterprising activities between 12 February and 16 March 2018 (inclusive). All enterprising activities must be specifically created for the Challenge and cannot comprise of the same activity used in another of our programmes, e.g. Company/Team Programme

1.4Participants and Teams are not permitted to undertake any business activity which involves gambling, fraud or illegal activities.

1.5We may disqualify You and/or the Participants from the Challenge if We have reasonable grounds to suspect that You and/or the Participant(s) are in breach of these terms and conditions or You or a Participant’s participation in the Challenge involves gambling, is fraudulent, or otherwise unlawful.

1.6Each Participant or Team will need to submit an online entry documenting their business activities, progress, turnover and profit and this will form the basis of entries and will be judged in Weekly and the National Competition. Therefore, You should encourage Participants and Teams to provide as much detail with their entries as possible. You will be able to upload photographs/footage to support their entry. These images/footage may be sent out to the media with a press release, used for Young Enterprise publications, on Young Enterprise’s official social media pages or on Young Enterprise’s website.You must have obtained the necessary consent for these activities from/on behalf of each students taking part below the age of 18 and for vulnerable adults (as appropriate).

1.7We will advance the Funds only to your Organisation’s bank account. You shall only use the Funds for the purpose of the Challenge. You will return any Funds that are not advanced to Participants for the purposes of the Challenge within 30 days of receipt.

1.8You shall be responsible for distribution of the Funds to the Participants and Teams and all supervision of the activities of the Participants and Teams in relation to the Challenge. You shall not distribute any Funds prior to the Challenge commencing.

1.9The Participants and Teams must return the original £10 on completion of the Challenge, or in the event that the Participant or Team does not make a profit, to return at least £6 (“the Pledge”). If the Participant or Team makes a profit the Participant or Team may donate to Us a further £1 per £10 pledged (“the Legacy Contribution”) to sustain the Challenge bank.

1.10You shall collect the Pledge and any Legacy Donation from all Participants on completion of the Challenge on 16 March 2018. You shall pay all monies received from all Participants to Us by 18 May 2018 by electronic payment. Our bank details will be provided when the Funds are initially advanced to You.

1.11Any profit that is made by the Participant or Team (defined as any money in excess of £10.00) may be retained by the Participant or Team (subject to clause 1.9). YE’s funds should legally only be used to further its own charitable objectives. As branches of YE, the student companies also have to comply with this requirement and are not able to fundraise for another charity whose objectives will differ from YE’s.