National Minimum Standards for Regulated Childcare for children up to the age of 12 years: statutory guidance - Audience and overview
Standard of care child minding and day care providers must meet to look after children under 12.
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Standard 17: Financial procedures
Child’s voice: My family know my setting is run properly and looks after me well.
Well-being outcome: Children experience continuity and stability because the setting is well-managed.
The registered person is responsible for ensuring that:
17.1 Effective financial procedures are operated.
17.2 There is adequate public liability insurance, and valid insurance for vehicles and drivers if used.
17.3 If requested by CIW, records of all financial transactions and insurance relating to the provision of care to relevant children must be made available.
To assist providers, the principal regulatory requirements underpinning this standard are outlined below, followed by relevant guidance. Providers should note that neither list is exhaustive, and that providers must have regard to all standards relevant to their service and the circumstances concerned.
Related Regulations
Further Guidance and Support
Cwlwm is a consortium of five childcare and playwork partners. It offers bilingual templates, information and downloadable resources to help with operating early years childcare or playwork settings.