Friendly societies comprised a group of people contributing to a mutual fund so that they could receive benefits in times of need. The concept had been around for hundreds of years, but in the 1800s, their role was acknowledged by the government and membership was encouraged. The early meetings were often held as a social gathering when the subscriptions would be paid. Prior to the Welfare State they were often the only way a working person had to receive help in times of ill health, or old age. The Journeymen Bookbinders of London were founded in 1786, becoming known as the London Consolidated Lodge of Journeymen Bookbinders in 1840.
From the guide to the Friendly Society of Journeymen Bookbinders of London And Westminster, 1820-1832, (Senate House Library, University of London)