financial accounts and costs

Shown below are my personal notes and copies of the financial accounts and costs for the print and distribution of our personal newspaper. It shows the outgoing costs so purchases for printing the newspaper and postage etc, and also shows the ingoing costs, such as the adverts costs, and copies of the newspaper sold so far.


Accounts


Outgoing costs


We as a class printed 500 copies of the newspaper at a £1 a newspaper, so therefore our overall outgoing costs for the Newspaper club was £500 inc VAT postage for first three orders, which was £11.40.


Income - Ingoing costs


For our incoming costs, we made a considerable amount through adverts.

For the Junction advert, we were given £350 for a newspaper advert.

For the Lincoln advert, we were given £100 for a half page newspaper advert.

For an OCR advert, we were given another £100 for a half page newspaper advert.


Total advertising income is £550 from the 3 adverts.

  • Reigate school bought 120 copies of the newspaper for £60, adding £60 to the income profit.
  • Islington college also bought 40 copies of the newspaper, which adds another £20 to the overall profit.
  • Netherhall school bought another 30 copies of our newspaper, which was another £15 of the profit.
  • Guernsey grammar school bought another 20 copies of the newspaper which adds another £10 to the overall profit made.
  • There were also another 50 free copies/samples, given to the group members (us) the moderator etc.
  • We still need to sell 260 copies of the newspaper, which should increase our profit costs further.
  • We have sold 210 copies of the newspaper so far, which is a great achievement as we have sold almost half of all the newspapers we bought. These newspapers are to be advertised further by Jenny Grahame on OCR teachers site this week, so hopefully we aim to have sold all the copies through this method of advertising.

Total profit including adverts and distribution of newspapers - £655


This therefore in my opinion, is an excellent achievement in terms of a profit. We have made back our outgoing costs simply on adverts, so therefore any costs made now or at a later date, will be further cost and would be additional costs and even more of a profit.

Posted in QC XP 2010 | Tagged , , | Comments closed

Feedback after distribution

Shown below is also our feedback so far of the newspaper after distribution of the newspapers, so therefore this is new feedback.

Mary Berrisford, Islington

“We've just put the underground map on the wall and are fighting about who is on the coolest line(that's teachers not students by the way!)Initial reaction is that we can't wait to use it in the classroom -could be a few more bigger images in there...We'll use it with students next week (weds) and email you some more feedback”

Jenny Grahame

“MediaMe looks great. Works really well with the colour, etc. Mega achievement.”

Reigate College
  • "Good on section 1
  • Methodical systematic and detailed
  • Very concise to the point
  • Very clearly expressed
  • Wordsearch page blurry
  • Wikipedia game Already played by lots of class good -article- less obviously useful than others
  • Useful - better than a textbook
  • Great format
  • Tube map great
  • Format handy
  • Teacher prefers online to print -students like print far more
  • Layout really good
  • Is point about TV not needing a licence true?"

Overall..
( my thoughts)
  • Overall, I personally think this feedback is very positive and has helped further analyse what we hoped to achieve. It sets clear our achievements and our targets, and the feedback we received has really helped analyse our overall progress. I think the colour we used in the newspaper was attractive to the audience and I hope that it was also visually interesting.
  • The only negative or constructive feedback I can see is that the word search was blurry, which personally I agree with once you look at the newspaper. Unfortunately, the makers of the page used an image which was stretched too far and therefore became blurry when printed.
  • Other than this, the point associated with my article especially was "is the point about not needing a TV license true?" from Reigate college. This was a very good point made, and I personally believe the quote as true, as the source we took it from is here - http://www.bitterwallet.com/5-reasons-why-you-can-cancel-your-tv-licence-tomorrow/10985
  • However, once cutting the article down we may have made the statement we were trying to make a bit unclear and therefore it was inevitably going to cause confusion.
  • Overall thought I think we had the majority of positive feedback and this is a great achievement because it means students can actually learn from the newspaper, exactly the aim we have held from the start.
Posted in QC XP 2010 | Tagged , , | Comments closed

Feedback and Accounts of MediaMe

“MediaMe looks great. Works really well with the colour, etc. Mega
achievement.”
Jenny Grahame

Outgoings

500 copies from newspaperclub
 £500 inc VAT

postage for first three orders
£11.40

Income

advert Junction
£350

advert Lincoln
£100

advert OCR
£100

Reigate 120 copies
£60

Islington 40 copies
£20

Netherhall 30 copies
£15

Guernsey Gamman 20  copies
£10

free samples and copies for group members, moderator etc 50

still to sell 260 copies
+
to be advertised by jenny on OCR teachers E-community this week.
Posted in RED XP 2010 | Comments closed

Cash Monies!

To make this project work, and get 500 full colour 12 page newspapers it was going to cost us £500 and, obviously, we don't have that kind of money kicking around so we had to get it another way. We decided the best way to raise the money we needed was to sell advertising space in the magazine. We asked several Universities if they wanted to put an advert in the paper, as it would be a good place to advertise given that it would be distributed to students. We also asked the Junction because we know them and have worked with them before, and Simon had some left-over cash, and could use the advertising.

Our total outgoings were £511.40:

500 newspapers - £500
P&P - £11.40

Our total income came to about £655 due to adverts and sales.

The Junction gave us £350 for advertising space
Lincoln University gave us £100 for advertising space
OCR gave us £100 for advertising space

This alone came to £550 so we were already £50 in profit. Score!

Gurnsey Grammar School bought 20 copies for £10
Reigate School bought 120 copies for £60
Islington bought 40 copies for £20
Netherhall bought 30 copies for £15

This is about £1o5 so we are now £155 ahead!

We kept about 50 so we could have one each, moderaters and stuff needed them etc.

We still have 260 copies to sell, and Jenny is advertising it on OCR teachers week this week so we should be able to make some more cash!
Posted in GOLD XP 2010 | Tagged , | Comments closed

Accounts

This is how the MediaMe accounts look so far...
Outgoings

500 copies from newspaperclub £500 inc VAT
postage for first three orders £11.40

Income

advert Junction £350
advert Lincoln £100
advert OCR £100

Guernsey 20 copies £10
Reigate 120 copies £60
Islington 40 copies £20
Netherhall 30 copies £15

free samples and copies for group members, moderator etc (50 copies - £25 off profit)

still to sell 240 copies

With all of this information taken into account, we have already made £115 profit and still have 240 papers to sell, i am very confident that we will sell these copies with in the next week. 240 copies will be a further £120 making our total profit about £220 once postage has been taken off.

I am very impressed with myself and Alex for securing the adverts and making so much money on this project. This was the first time we have ever done anything like this and it has gone very successfully. At the start we were told that the printing was going to cost £500 and that we had to find a way of paying for it ALL our selves. we thought this was going to be hugely difficult but it has turned out really well.

Posted in GOLD XP 2010 | Comments closed

Accounts

This is how the MediaMe accounts look so far...
Outgoings

500 copies from newspaperclub £500 inc VAT
postage for first three orders £11.40

Income

advert Junction £350
advert Lincoln £100
advert OCR £100

Guernsey 20 copies £10
Reigate 120 copies £60
Islington 40 copies £20
Netherhall 30 copies £15

free samples and copies for group members, moderator etc (50 copies - £25 off profit)

still to sell 240 copies

With all of this information taken into account, we have already made £115 profit and still have 240 papers to sell, i am very confident that we will sell these copies with in the next week. 240 copies will be a further £120 making our total profit about £220 once postage has been taken off.

I am very impressed with myself and Alex for securing the adverts and making so much money on this project. This was the first time we have ever done anything like this and it has gone very successfully. At the start we were told that the printing was going to cost £500 and that we had to find a way of paying for it ALL our selves. we thought this was going to be hugely difficult but it has turned out really well.

Posted in GOLD XP 2010 | Comments closed

Feed back

“We've just put the underground
map on the wall and are fighting about who is on the coolest line
(that's teachers not students by the way!)
Initial reaction is that we can't wait to use it in the classroom -
could be a few more bigger images in there...
We'll use it with students next week (weds) and email you some more
feedback”

Mary Berrisford, Islington

“MediaMe looks great. Works really well with the colour, etc. Mega
achievement.”

Jenny Grahame
Posted in RED XP 2010 | Comments closed

final accounts and costs of newspaper

Accounts

Outgoings

500 copies from newspaperclub £500 inc VAT
postage for first three orders £11.40

Income

advert Junction £350
advert Lincoln
advert OCR

Reigate 120 copies £60
Islington 40 copies £20
Netherhall 30 copies £15

free samples and copies for group members, moderator etc 50

still to sell 260 copies

to be advertised by jenny on OCR teachers site this week.
Posted in BLUE XP 2010 | Tagged | Comments closed

feedback after distribution

jenny graham emailed us feedback we've recieved after the newspaper has been distributed.

“We've just put the underground
map on the wall and are fighting about who is on the coolest line
(that's teachers not students by the way!)
Initial reaction is that we can't wait to use it in the classroom -
could be a few more bigger images in there...
We'll use it with students next week (weds) and email you some more
feedback”

Mary Berrisford, Islington

“MediaMe looks great. Works really well with the colour, etc. Mega
achievement.”

Jenny Grahame
Posted in BLUE XP 2010 | Tagged | Comments closed

feedback after distribution

jenny graham emailed us feedback we've recieved after the newspaper has been distributed.

“We've just put the underground
map on the wall and are fighting about who is on the coolest line
(that's teachers not students by the way!)
Initial reaction is that we can't wait to use it in the classroom -
could be a few more bigger images in there...
We'll use it with students next week (weds) and email you some more
feedback”

Mary Berrisford, Islington

“MediaMe looks great. Works really well with the colour, etc. Mega
achievement.”

Jenny Grahame
Posted in BLUE XP 2010 | Comments closed
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