Moneys are raised from gifts and legacies as well as membership subscriptions and social activities.
Legacies are a particularly valuable source of income as charities are outside Inheritance Tax levels and consequently a gift to a registered charity is exempt from Inheritance Tax and therefore assists in reducing such liability on a deceased person’s estate. Past generous legacies fund a considerable amount of the Friends’ resources and further legacies will enable the Friends to finance further projects.
If you would like to make a legacy, the following wording should be incorporated into your will:
I GIVE and BEQUEATH the sum of ........................... pounds to THE FRIENDS OF ROCHESTER CATHEDRAL (registered Charity Number 273973) of The Friends Office, 1 The College, The Precinct, Rochester, Kent ME1 1SU, for its sole use and benefit absolutely and the receipt of the Treasurer and Chairman for the time being shall be a full and sufficient discharge.