Annual Reports

Financial highlight

Our total income rose by 2.4% compared with 2022. Income from annual dues made up 56% of total income at £7.8 million, £0.4 million higher than in 2022. Great efforts have been made over recent years to reverse the historical decline in memberships. With our new strategy in place, we anticipate that our membership will return to growth during the seven-year strategy period, setting us on a sustainable footing for the future. Receipts from Masonic room bookings increased by 12.8% on the previous year, reflecting a return to normal activity levels, post-pandemic. Net investment income decreased by 12.6% to £2 million, primarily driven by expenditure related to future investment in a number of our Great Queen Street properties as well as a small reduction in related income. Our trading income has increased by 8.4% to £1.8 million as activity in the on-site shop and café and bar increased, in addition to benefiting from a full year of tour programmes. Revenue from advertisements placed in Freemasonry Today has remained steady. Other receipts comprise income derived from commercial events hire and lodge dining, which increased by 11.6% over 2022.