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THE GIFT OF A LIFETIME -
INHERITANCE PLANNING
Have you made a will?
Would you consider a bequest?
Black Dyke Band (1855) Ltd. is a registered charity and
as such has to provide funds for both the maintenance and development of
its Bandroom that it has occupied since 1855. It's main aim being the
creation of a music education centre of excellence in Queensbury. As
Friends of the Band are aware, the original 1855 Bandroom has been
purchased by the Charity. A significant start has been made on its upgrade
by providing a new office and meeting room in the former mill shop area.
Further improvements are, an upgraded music library, a partial new roof,
an individual/small ensemble teaching and rehearsal room, a large
percussion studio on the ground floor with improvements to the entrance
lobby. All of this has been funded from the proceeds of phase one of the
Appeal that was launched in 1999, plus the tax refunds resulting from
covenanted gift aid donations.
Future Projects
Unfortunately, the Lottery application last year for a grant towards
the extension to and upgrading of the Bandroom was unsuccessful; a further
bid will be made in the near future. In the meantime a continual programme
of improvements to the existing building, both internally and externally,
will be progressed. Monies raised from the aforementioned Appeal is held
in the Charity's accounts specifically earmarked towards both the
continuing upgrading and any matched funding that may be required to
secure a successful Lottery bid. To increase its contribution the Charity
must look for donations and bequests; in this way the music heritage that
we have inherited can be made even richer for future generations.
Would you like to be involved?
Have you made a Will?
Many people put off making a Will, but it is a simple and not very
expensive process. Above all, it ensures that your money and belongings
are ultimately distributed exactly as you want.
Making a Will
The best way of making a Will is to use the services of a solicitor,
so that the document sets out your wishes clearly and precisely in a
proper legal manner. You can produce a homemade Will but the risks of
making mistakes are high and can cause expensive problems for your loved
ones.
Altering a Will
If you have already made a Will it is easy to alter it by adding a
"codicil"; a legal addition. Again, a solicitor should be asked
to do this on your behalf.
Bequests
It is likely of course that you will wish to leave the bulk of your
money and belongings to your relatives and friends, but many people use
this as an opportunity also to support their favourable charities.
Legacies to charities are normally free of Inheritance Tax.
Our Friends
As supporters of Black Dyke Band, why not include a bequest in your
Will to assist the Band's future? The most convenient way is to make the
bequest to Black Dyke Band as a registered charity. Your gift may be of
money, property or memorabilia. The last could these could be added to
existing collections, but if they were duplicates they could, with your
prior consent, be sold for the highest price through an appropriate agency
and the funds thus raised be used to support the charity.
Wording
Your solicitor will advise you, but to leave a specific sum of money
we would suggest:
"I hereby bequeath to the Black Dyke Band
(1855) Ltd. Registered Charity Number 1059799 of the Bandroom, Sandbeds,
Queensbury, Bradford, West Yorkshire, BD13 1AB. The sum of £_________ ,
the receipt of the Treasurer or other proper officer thereof shall be a
good and proper discharge of my executors."
This wording can be adapted to cover the gift of
property , memorabilia or the residue of your estate.
BLACK DYKE BAND (1855) LTD., REGISTERED CHARITY NUMBER
1059799
Ian Thompson
Trustee |
