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Preschool running at a loss

(31 Posts)
Ilovehotchoc Tue 23-Oct-12 21:43:38

I work for a preschool and last financial year we ended in a significant deficit. Looking at the profit and loss forecast the same thing will happen again year on year - income isn't covering expenditure. Is there anyone here who can offer any advice? We are run by a Committee of parents. TIA.

CouthyMowEatingBraiiiiinz Sat 03-Nov-12 12:57:48

Under Harding = undercharging.

canuck43 Sat 03-Nov-12 13:08:36

Not sure if this will help, some years back our rural pre-school applied to Children in Need and they were given 3yrs rent and staff wages. It might be worth a try.

Skimty Mon 05-Nov-12 20:57:16

Our preschool charges a discretionary top up for 3 and 4 year holds that most parents pay - could you do this? It is very oversubscribed though.

Ilovehotchoc Tue 06-Nov-12 10:41:41

Thanks, will try Children in Need although we are wary of publicising too much.

Are you allowed to charge a discretionary top up for 3 and 4 year olds? Our local council is hot on this at the moment....

coppertop Tue 06-Nov-12 11:00:11

I don't currently have any children in pre-school, but things that have helped our local one in the past include:

- Setting the fees for 3+ at the same level that you would get from funding. This helps stop the situation where parents use their 15hrs funding wholly or partly at another pre-school, knowing that you will only charge a lower rate for extra hours instead of the full rate charged by the other pre-school.

- Asking around to see if anyone you/the staff/other parents work for a company who have a matched fundraising scheme. Some of the bigger companies used to have a policy where if an employee raised money for a good cause, the company would match that amount. So raising £50 meant you actually got £100.

-If you are registered as a charity, you will have access to more grants from the community. Many of the places offering money will stipulate that you must be a charity in order to benefit.

- Ask for donations of food for pre-school snacks. If you have to buy fresh fruit every day, the costs can spiral. Parents may be willing to bring in a small bag of fruit to share out.

Littlefish Sun 11-Nov-12 18:25:45

You are not allowed to charge any top up to those children receiving their 15 hours of funded sessions. It has to be free.

We ask for a voluntary contribution of £1 per week to go towards cooking ingredients and daily snacks, but it is very much a voluntary contribution, so some pay and some don't.

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