RMBI Finance
In 2005 / 2006 the cost of running the RMBI was over £26 million. Most of this expenditure was in running the homes and a major proportion was recovered from contributions from residents or Local Authorities. The RMBI has, annually, to cover the difference – some 4 to 5 million pounds – most of which is contributed by Freemasons through the Festival system and direct donations. Legacies also play an important part.
In 2007 / 2008 Charity Income was £9.3 million (£4.4 million from Masonic Donations). For the same period Charity Expenditure was £4.3 million (£2.3 million on Charitable Support, £0.9 million on Central Care, £0.6 million on Governance and £0.4 million on Fundraising). Thus some £10,000 per day of Charity Income is spent by the RMBI to maintain the Homes and Care offered.
Costs increase each year because of:
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People living longer with improved healthcare availability and treatments
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Inflation
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Currently reduced investment income
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The Growing challenge of caring for people with dementia
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Closure of many other Care Homes since the implementation of the Care Standards Act in 2001
Since 1972 numbers of national geriatric beds have fallen by 34%. Yet by 2030 it is anticipated that people aged over 80 will have risen by 69% (in 1900 this was 1 in 700, by 1990 this was 1 in 70 and by 2040 this could be 1 in 7. There are plans for the future to increase specialist services (e.g. for dementia), continue modernisation and refurbishment of existing homes and alter larger Home layouts to meet changing needs and maintain high standards.