Just signed off the branch management accounts for the end of the first quarter of 2011. NOT really my idea of a fun way to spend Easter, but it has to be done.
Some points are worth sharing:
First of all, and very encouraging. The Newmarket shop took £3,615.22 in the two weeks it traded in February, and £6,428.11 in March. This doesn't yet translate into extra funds for the branch because shop rent is usually payable quarterly in advance, which means we had to use the March takings to pay the £6,900 rent for the next three months. The upside of this, of course, is that April and May's rent is now paid and, after allowing for rates, power, wages etc., the shop is making £2,000 per month profit over running costs and is on track to repay the setting up loan from the HQ while still making a decent contribution towards the branch's animal welfare work.
61 Burleigh Street's takings are well up on the first quarter of 2010, although the figures are skewed by the dreadful weather in January 2010 which stopped people coming out to shop:
January February March
| 2011:£5,115.35 | £5,273.31 | £6,004.59 |
| 2010:£936.01 | £4,020.85 | £5,939.88 |
The bookshop is now making a modest profit, but we have to accept that Mill Road is simply not busy enough to attract enough passing trade to support having a paid manager.
HQ were very patient with us during 2010 and gave us a lot of leeway by letting us have vaccines and microchips "on account" to keep our clinic going. We've now been able to pay them in full.
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