There are two templates based on the ECE Funding Handbook requirements which states:
If your service is a community-based service, for example an incorporated society, a charitable trust, a registered charity, owned by a community organisation, or considered a Public Benefit Entity under XRB requirements, you must provide general purpose financial statements.
If your service is a private service, for example a partnership, sole trader, or limited liability company, you can choose to provide either general purpose financial statements or a special purpose financial report.
Note: Where a service meets both definitions, general purpose financial reports are required.
The two templates are as follows:
- ECE General Purpose Reporting Audit (2023) - For audits of early childhood centres under section 548(5) of the Education and Training Act 2020, where general purpose financial statements are prepared.
- ECE Special Purpose Reporting Audit (2024) - For audits of Early Childhood Education Centres - Special Purpose reporting as per ECE Funding Handbook where the entity is a private service, for example a partnership, sole trader, or limited liability company and only a single statement is required to be prepared.
In both cases have removed any unnecessary content and given users the option to skip sections that a firm might not perform due to the nature of an ECE entity.
We have listened to our users and tried our best to incorporate their feedback into the template. We understand that our user firms generally charge small fees for an ECE audit, resulting in tight budgets.
There are two Excel work papers attached below for Ministry of Education funding and payroll. They are meant to be used as a starting point, and we recommend that you amend them to suit your needs. The dates in the work papers should always be checked, especially for ECE Funding notices should always be checked to ensure they are still appropriate.