Funding the Gap: A Workshop to Minimise Losses

Funding the GapA Workshop to Minimise Losses between funded hours and what we would ordinarily charge

Southampton, Date: Wed, 8th Jun 10:30 am-4:30 pm – Space(s) available 3

What has been said so far… 
Fantastic!
Light bulb moment of why I was losing money.
By changing my fee structure I will lose less money.
Really enjoyed the whole day. Very informative.
Discussing Fee Structures with other providers.
Giving me new ideas.
Amazing resources thank you!

Funding the Gap – the gap between what we are paid for our funded hours and what we would ordinarily charge – seem to be set to increase to an all time high with the imminent introduction of the National Living Wage (NLW) on 1st April. The interpretation of the LA Statutory Guidance 2014 causes much debate and the new 2016 version will be the cause of much discussion also. However, our interpretation has allowed us to pass LA Audits in three counties.

We have therefore developed a Funding the Gap workshop that is aimed at day nursery owners, finance managers, pre-schools and playgroup treasurers who are accepting funded children for less than their usual fee.

You will:

  • Be able to maximise your income for funded children
  • Create a structure to allow you to pass an LA Audit*
  • Minimise losses and restrict what hours you lose money on
  • Leave with all the knowledge and tools you need to implement in your setting

We will also discuss other aspects of your business from National Living Wage, Pension auto-enrolment and ways of making savings in other areas of the business as well as Funding the Gap.

*3 LA Audit’s passed to date: Birmingham, Worcestershire, Warwickshire. We’ve checked the agreements for Manchester, Oldham and Lancashire and we are good to go with these. From another LA? If you send us your LA Provider agreement we’ll inform you if we can pass your audit too.

Bookings

Bookings are closed for this event.

Date/Time
Date(s) - Wed, 8th Jun
10:30 am-4:30 pm

Location
Paint Pots House

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