Below is a summary of session rates for 2-year olds, 3&4-year olds and school children using the Late Finish session.
As an Early Years Childcare Provider, we currently receive funding from the government for the care and education we provide. Unfortunately, the amount of money we receive does not fully cover the costs of delivering funded places – for every hour of funded care we provide, we make a loss of approximately £1. For 15 funded hours a week, over the course of a year, this adds up to a loss of around £585 per child.
This situation becomes more difficult every year as the funding levels the government sets have not been updated to reflect rises in costs (such as minimum wage increases, pensions contributions , inflation etc.). This means that every year, it becomes more and more difficult for us to remain financially viable.
The government has also stipulated we are not permitted to charge a ‘top-up’ fee, so it is important we find ways to finance our play materials, learning resources, consumables in general, varied activities, maintenance of the setting and more.
In order for us to continue to offer the high level of care we strive to we are asking for donations to support the 3&4 year old funded hours.
We have called this the Voluntary Funding Supplement and you will see it on your invoices.
We are very aware of the extent of the shortfall, so we have calculated a suggested donation of 70%. This equates to 70p/funded hour used.
Please do consider this donation and if not financially viable for you, donate as much as you are able. Or consider offering some time to help fundraising, to be a parent helper, to help with essential maintenance or to do odd jobs.
All donations along with fundraising and cost cutting efforts will help Paddocks remain viable.
Please help us safeguard Paddocks for present and future pupils.
If you have any questions, please do not hesitate to contact us.