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.