eCPD Resource Package, Finance

Childcare

Finance1

This activity will take place towards the end of your placement. You will be supporting the manager with financial

activities within the nursery. This will support you in understanding how the setting is run.

You will need to:

• Calculate how much money you have left over

• Identify tens, hundreds units to ensure accurate money management

Once you have completed the task, discuss this with your workplace mentor.

Children & Young Peoples

Workforce

eCPD Resource

1

Equipment

Learning

2

Equipment

It would be useful to have the following:

• A calculator

• A pen, pencil and eraser

There is a section at the back of this booklet for any notes

you want to make.

Learning

In this task you will be covering the areas detailed below.

Children and Young Peoples Workforce:

• Nursery management support

• Supporting healthy well being

Functional skills Mathematics:

• Subtraction

• Addition

• Identifying the unit number

There is page at the end of this section to make notes.

Task 1

Refer to the setting’s good practice in supporting individuals with financial issues.

Summarise your findings.

3

Summary

4

Task 2

You have been asked to go the bank to

deposit £18.27 for a late payment from

a parent; you need to write this out

correctly below.

5

Task 3

You have been given the task of purchasing

snacks as the delivery has been delayed. You need

to monitor your spending and have been given

£80.

You have been given a list of items to purchase

for all the children in the nursery. Crackers at

£21.57, cheese spread for £10.28 and bananas for

£12.22. Please work out the calculations.

Work out the amount left after purchasing all

these items.

With the money you have left over, the manager

has asked you to pick up a cake for a staff

member’s birthday as a treat. Please work out

how much you have left after purchasing the cake

at £5.99

(Show calculations on the next page) 

6

Calculations

7

Task 4

You arrive back at the nursery and you are

supporting the manager to put the money

away in their petty cash tin. There is £32.24

in the tin already. Add the money left over.

How much is now in the tin?

8

Task 5

Underline the digit for the hundreds and write this out in words, when you are looking at the incomings

and outgoings of the nursery you will need to record this correctly.

£127……………………………………………………………………………………

£233………………………………………………..……………………………………

£2345.……………………………………………………………………..…………

£4,444………………………………………………………………………………

£321.24 ………………………………………………………………………………..

£1030.05………………………………………………………………………………...

£122,872.34………………………………………………………………………

9

Notes

10

Childcare Finance - eCPD Resources

© In Touch Care

xi

These resources have been produced as part of the Traineeship Staff Support Programme

commissioned and funded by The Education and Training Foundation. Find out more on the TSSP

website: www.traineeship-staff-support.co.uk