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Sunderland Students Turn £25 Seed Fund Into Record £12,700 for Children’s Charity

Business students at the University of Sunderland have set a new fundraising record after transforming a modest £25 seed investment into more than £12,700 for a North East children’s charity. The achievement marks the highest total since the university launched its annual “Take £25 Challenge.”

First-year Business and Management students spent four weeks using the seed fund to generate as much income as possible for The Children’s Foundation, a regional charity that supports vulnerable young people. Working in 24 teams, the students raised £12,743.30 including Gift Aid, surpassing all previous years of the initiative.

The challenge encouraged students to apply business principles in real time, devising ventures that ranged from bake sales and raffles to food stands, lucky dips and small-scale games. The campaign ended with a celebration at the Reg Vardy Centre on the university’s St Peter’s Campus, where students, staff and charity representatives gathered to recognise the teams’ efforts.

Iraa Wimpenny, lecturer in Marketing and Business and lead organiser of the challenge, praised the participants’ creativity and commitment. “As their lecturer, I’m very proud of the amazing determination shown by our students,” she said. She added that the challenge helps students build commercial and leadership skills from the outset of their degree, giving them confidence and practical experience for future roles.

The standout performers were the team North East Giving, who secured more than £2,500 — the highest amount ever achieved by a single group since the challenge began. Team member Farhan Peeran described the project as “incredible,” saying the experience demonstrated the value of teamwork when tied to a community cause. “Raising just over £2,500 taught us how powerful teamwork and community engagement can be,” he said.

The Children’s Foundation, founded in 1990, provides mental-health programmes in schools, baby boxes for new parents and community allotments for local families. Chief executive Sean Soulsby said the students’ efforts were “nothing short of inspiring,” adding that “turning £25 into over £12,000 is an extraordinary achievement.”

Dr Yvonne Dixon-Todd, Head of the School of Business, Management and Tourism, said the challenge highlights the university’s focus on real-world learning. “It is brilliant to see our students really engaging in this entrepreneurial initiative,” she said. She noted that the project cultivates skills such as planning, marketing, financial management and communication, while supporting a significant local cause.

The university plans to continue the challenge in future years, building on its reputation as a hands-on introduction to entrepreneurship for first-year students.

Business

Fraudsters are increasingly using AI-generated images and videos to trick people into handing over sensitive personal and financial information, according to FraudSMART, the financial crime awareness initiative operated by the Banking and Payments Federation Ireland (BPFI). The organisation has reported a rise in online adverts promoting fake, State-backed investment schemes. These scams often use fabricated images of well-known politicians and business figures to make the offers appear legitimate and encourage users to click on registration links. Niamh Davenport, head of financial crime at BPFI, said scammers are deliberately exploiting recent media coverage of a planned State-backed savings and investment scheme to give their frauds a sense of credibility. “They often claim the scheme is open to everyone, but that places are limited and being ‘snapped up’ fast, in order to pressure people to act quickly,” she said. “They typically promise guaranteed returns or a guaranteed monthly income.” FraudSMART said that while anyone can be targeted, people in their early 50s are particularly vulnerable to investment scams. This age group is often focused on retirement planning, making them more receptive to financial offers that appear secure or high-yield. According to the organisation, most scams follow a similar pattern. Victims are first directed to click a registration link and complete a short online form providing their contact details. They are then contacted by someone posing as a financial adviser, who urges them to make an immediate “security deposit” to secure participation in the scheme. Once a payment is made, the money is quickly moved through multiple accounts, often overseas, making recovery extremely difficult. Davenport warned that scammers are becoming more sophisticated in their use of technology, particularly AI tools that allow them to create realistic but entirely fake promotional content. These materials are designed to mimic legitimate financial advertisements and build trust with potential victims. Recent figures from An Garda Síochána show investment fraud rose by 20% last year, with losses exceeding €20 million. The scale of individual scams varies widely, ranging from smaller crypto-related frauds involving a few hundred euro to large-scale investment schemes where victims lose tens of thousands. FraudSMART is urging the public to remain cautious when encountering online investment advertisements, especially those promising guaranteed returns or requiring urgent action. It also advises consumers to avoid sharing personal information with unverified sources and to be wary of pressure tactics designed to rush financial decisions. Authorities continue to warn that fraudsters are adapting quickly, using advanced digital tools to target victims across multiple platforms.

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Business

Fraudsters are increasingly using AI-generated images and videos to trick people into handing over sensitive personal and financial information, according to FraudSMART, the financial crime awareness initiative operated by the Banking and Payments Federation Ireland (BPFI). The organisation has reported a rise in online adverts promoting fake, State-backed investment schemes. These scams often use fabricated images of well-known politicians and business figures to make the offers appear legitimate and encourage users to click on registration links. Niamh Davenport, head of financial crime at BPFI, said scammers are deliberately exploiting recent media coverage of a planned State-backed savings and investment scheme to give their frauds a sense of credibility. “They often claim the scheme is open to everyone, but that places are limited and being ‘snapped up’ fast, in order to pressure people to act quickly,” she said. “They typically promise guaranteed returns or a guaranteed monthly income.” FraudSMART said that while anyone can be targeted, people in their early 50s are particularly vulnerable to investment scams. This age group is often focused on retirement planning, making them more receptive to financial offers that appear secure or high-yield. According to the organisation, most scams follow a similar pattern. Victims are first directed to click a registration link and complete a short online form providing their contact details. They are then contacted by someone posing as a financial adviser, who urges them to make an immediate “security deposit” to secure participation in the scheme. Once a payment is made, the money is quickly moved through multiple accounts, often overseas, making recovery extremely difficult. Davenport warned that scammers are becoming more sophisticated in their use of technology, particularly AI tools that allow them to create realistic but entirely fake promotional content. These materials are designed to mimic legitimate financial advertisements and build trust with potential victims. Recent figures from An Garda Síochána show investment fraud rose by 20% last year, with losses exceeding €20 million. The scale of individual scams varies widely, ranging from smaller crypto-related frauds involving a few hundred euro to large-scale investment schemes where victims lose tens of thousands. FraudSMART is urging the public to remain cautious when encountering online investment advertisements, especially those promising guaranteed returns or requiring urgent action. It also advises consumers to avoid sharing personal information with unverified sources and to be wary of pressure tactics designed to rush financial decisions. Authorities continue to warn that fraudsters are adapting quickly, using advanced digital tools to target victims across multiple platforms.

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