Nursery World - Figure it out (1)

To survive as part of the out-of-school sector it's essential to make friends with your finances, says Jackie Nunns. So why not start with the basics and a few helpful hints and tips? There are 10,000 after-school clubs in England and Wales, but 20,000 primary schools and only one registered childcare place for every seven children. Even in these favourable market conditions out-of-school services struggle to survive - while roughly 2,000 new out-of-school projects start each year, another 1,000 fail.

There are 10,000 after-school clubs in England and Wales, but 20,000 primary schools and only one registered childcare place for every seven children. Even in these favourable market conditions out-of-school services struggle to survive - while roughly 2,000 new out-of-school projects start each year, another 1,000 fail.

The out-of-school sector faces special challenges in terms of money management, so here we look at ways to make friends with your finances.

Uncover Hidden Expenses

Staffing is an area in which extra expenses often go unnoticed. The National Institute of Economic and Social Research found that childcare employers regularly lose up to 30 per cent of their staff each year, which is the greatest threat to the sustainability of childcare businesses. It also found that many holiday play schemes recruit afresh every year.

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