After careful consideration we will be increasing our fees from 1st April 2016. This increase has been forced upon us by the Government, who have launched the ‘National Living Wage’ of £7.20 per hour. We will also have an additional cost of pension contributions, which we have never had before, this again is another cost the government has put upon us, and we have no control over.
We have looked at other ways to save money, but because our wage bill is our biggest expenditure there is not a lot of room to make cut backs.
This increase is the first we have made since April 2012 (for over 3’s); April 2013 (for 2-3’s); and April 2014 (for under 2’s).
We would like to remind you that Watcombe Childrens Centre Nursery is a ‘not-for-profit’ organisation, the directors do not take profits or shares, and do not get paid (except for myself as administrator). Any profit that we do make, stays within the nursery, and is used for the benefit of the nursery. In the next financial year, starting in April, we are not able to forecast a profit, so we are not putting up fees without serious consideration.
The session’s costs will be increasing by £2 per session, or £4 for a full day throughout the nursery, other sessions costs are on the reverse of this letter.
Please remember that you can get help with paying for your fees, with either ‘Childcare Vouchers’ or ‘Child Tax Credits’. More details are available on our website. In early 2017, the government is starting ‘Tax-Free Childcare’ where you will be able to get the tax paid on your childcare, saving you 20%. More details will follow nearer the time.