The Masonic Lodge is the basic organisational unit of Freemasonry. The Lodge meets regularly to conduct the usual formal business of any small organisation (pay bills, organise social and charitable events, elect new members, etc.). In addition to business, the meeting may perform a ceremony to confer a Masonic degree or receive a lecture, which is usually on some aspect of Masonic history or ritual. At the conclusion of the meeting, the Lodge might adjourn for a formal dinner, or festive board, sometimes involving toasting and song.