Topics: Rash, Meningitis, Child Pages: 5 (1552 words) Published: January 27, 2015
1.5. Demonstrate financial planning for own home based service.

Maximum number of children (excluding my own) at any one time 3 Hourly rate £5
Maximum hours per week 40
Maximum weekly income £576.92 - £27692 pa

Expenses averaged as per the HMRC guide for tax for childminders 66% due to running costs –

Electricity £1680 pa
Water rates £792 pa
Council tax £1920 pa

Day to day expenses

Food £2000 pa
Petrol £2080 pa
Housekeeping £960
Upkeep of equipment £960
Outings £1440

Overall maximum gross per week: £330.42, £15860 per annum (48 week working year).

Tax payable at 20% over annual allowance of 10000
NI class 4 payable at 8% after allowance of 7956
NI class 2 payable weekly at £2.50 

After research new child minders operate at 1/3 'occupancy' for the first year of trading , followed by 75% thereafter which must be factored into individual projections. 

1.6 My support networks will include:

PACEY for training advice and support. Including recommended paperwork and contract help.

Network coordinator and the Local Authority are helpful to advise about updates on latest training requirements and any policy updates.

Health Visitors are invaluable to maintain current knowledge of young children’s milestones’ and to ensure healthy development.

Parents nobody understands their own children like their parents, so it is imperative to have a good relationship with the most important people in their lives.

Teachers spend the most time with school age children other than parents and keeping strong links with schools can be very helpful in ensuring that children are happy and settled.

My family/relatives in order to maintain a good work/life balance keeping strong relationships with my own family and friends is really important.

Childminding groups/ Childminding networks could be really helpful to share any tips or difficulties around being a childminder and what that in tales, sharing joint experiences (whilst maintaining confidentiality) is useful for career progression.

Training/ Publications and magazines such as Who Minds, Childcare websites and OFSTED is vital for staying updated with the latest policies and procedures whilst ensuring that the level of service provided is at the highest standard possible.

2.1 Explain the Key components of a healthy and safe home based environment. Key components;
Nappies will be disposed of by sealing in nappy sacks and placing in a sole purpose bin within the changing area until the end of day when they will be put into an outside wheelie bin. The changing mat will be wiped with appropriate anti-bacterial cleaner following use.  

The children and I will wash hands following nappy changes/toilet breaks, before eating and after playing outside or following messy play. Plastic toys will be wiped if visibly dirty after play and washed in the dishwasher weekly (minimum). I will ensure any pet beds and cages are kept clean and away from any food preparation areas. Any pets will be appropriately vaccinated, wormed and flea protected following veterinary advice. Pet waste will be disposed in a sanitary way, and any litter boxes will not be accessible to the children. Children will not be able to play with any animals when unsupervised. When using any equipment I will ensure that it is age appropriate, in full working order and used according to the manufacturers guidance. I will ensure that plug sockets are covered, stairs are not accessible, children are aware of evacuation procedures (if age appropriate) and my fire alarms and carbon monoxide detectors are fully working and regularly tested. When dealing with food in my home/setting the Five Keys to Safer Food are: (1) keep clean; (2) separate raw and cooked; (3) cook thoroughly; (4) keep food at safe temperatures; and (5) use safe water and raw materials. This includes using separate chopping boards for meat and veg. Ensuring food is within its use by date and labling food with...
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