Membership Fees. Development of the spreadsheet  I first created my table in order to accommodate the information I had been given. The table includes.

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Membership Fees

Development of the spreadsheet  I first created my table in order to accommodate the information I had been given. The table includes sections for monthly income, monthly outgoings and totals.

Formulas  This is the formula view for the first part of my spreadsheet from January to July. It carries on to December and contains a total column. This first section shows the formulae that I used in order to calculate the things that needed to be calculated.

Outgoings  This section contains all of the outgoings of the company, both monthly and in total.

Income(original)  This section contains the original income of the company, before I changed the costs of the membership fees.

Surplus/Deficit  This section shows the amount of money left at the end of each month, as well as at the end of the year. This allows me to easily see whether my membership fees are correct, too high or too low. It will make it easy for me to see if I have broken even or not.

Scenario 1  This scenario was the first I tried out. It stuck with the original fees for Silver, Gold and Platinum but changed the fees for teen and kids. This left me with a deficit of £54,708, so I tried again.

Scenario 2  I tried again, this time changing all of the different membership fees. I got a surplus of £17,092, which, though it was an improvement, I felt was too much.

New Income  After trying out several combinations of prices for the costs, I settled on the ones above. This gave me a surplus of £17, meaning that the charity breaks even by the end of the year. I did this by trying out different values for the 5 available memberships.

Other Organisations  WWF ( animal.co.uk/charities/wwf-animal- adoptions/) offers adoptions at £36 a year. animal.co.uk/charities/wwf-animal- adoptions/  The Born Free Foundation ( p/) offers platinum memberships at £78pa, gold at £39pa and silver at £30pa. p/  Wildlife Aid ( wildlife-aid) offers memberships at £24 a year. wildlife-aid

Research  The research that I did enabled me to see that the final prices that I had come up with were quite low compared to the prices I had found. This reassured me in the fact that with my prices I was able to break even with a very low profit margin (£17). My prices were, in my view, very reasonable and the research was useful in this because it helped me to confirm that opinion.

Testing  Test 1: I made all of the input values to the table 0, making sure that the formulae which source these values work.

 Test 2: I changed the cost for all of the memberships to £100, which I expected to increase the total so that at the end of the year, I will have a large surplus.

 Test 3: I changed the number of each membership to 1. This made my total for memberships smaller and affected my total.

Feedback  Your spreadsheet is really easy to use and adjust.  It is well spread out so it is clear to see how the cash flow works and so it will be easier to find any discrepancies in the data should there be any.  The conditional formulas make it easy to understand when you are making a profit or loss.