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Leave a Legacy

Leaving Tyneside Cinema a gift in your will

Leaving a legacy is one of the most important and special ways in which you can support Tyneside Cinema.  

We are a registered charity and income from legacies will make it possible for us to continue to show exceptional films from around the globe, maintain this unique historic cinema building and provide opportunities to inspire future generation of young filmmakers from the region.

If Tyneside Cinema holds a special place in your heart please consider remembering us in your Will and make a vital contribution to the future of film.  Any legacy you leave, large or small, will make a difference. 

Leaving a legacy to a charity can also save your family inheritance tax.

This information is intended to give you some of the basic information needed to help you think about leaving a legacy. 

It does not constitute legal advice and we would recommend that you consult with your accountant, solicitor or a financial advisor before making a Will or leaving a legacy to Tyneside Cinema.

How can I remember Tyneside Cinema in my Will?

You can include the Tyneside Cinema in your Will by directing your gift to:

Tyneside Cinema 
Registered Charity Number 502 592  
10 Pilgrim Street, 
Newcastle upon Tyne 
NE1 6QG. 

What if I don’t have a Will?

If you don’t have a Will we would recommend that you speak to a solicitor or a financial advisor.  

You may find this guide produced by the Law Society helpful. It can be found at

http://www.lawsociety.org.uk/documents/downloads/CCG_eng_will.pdf

The point of making a Will is to provide security for your family and friends. Once you have done this you may feel you would like to make a contribution to one or more of your favourite charities. Making a Will is a relatively straightforward procedure and need not be expensive.

• It is advisable to have a Will drawn up by a solicitor who will ensure that it is legally valid. Most solicitors will quote a fixed fee for advising you and preparing a straightforward will. Banks and accountants also offer a will-making service.

• Before you seek legal advice, it is worth collecting your thoughts and working out what you own, its value and to whom you want to leave it to.  

• You will need to appoint executors as they will take responsibility for tying up your affairs after your death. Most people appoint two executors - usually a member of their family and a professional. Ask their agreement first, as this is a job that requires attention to detail and a certain amount of tact. If a professional acts as your executor, they will charge a fee.

• Two non-beneficiaries must witness your Will. Staff in your solicitor’s office will be able to do this.

It is a good idea to leave your Will with your solicitor and to keep a copy with your other legal documents at home in a place where they can be easily found. We can’t make recommendations on choosing a legal advisor.  

However, the Law Society also has a searchable database of solicitors which you may find helpful  http://www.lawsociety.org.uk/choosingandusing/findasolicitor.law

What if I have already made a Will?

You can add a gift to Tyneside Cinema easily to an existing will by attaching a document know as a ‘Codicil’ to your Will, expressing your intention to leave a legacy to Tyneside Cinema.  Again, you should speak to your solicitor or financial advisor about this. 

What tax benefits would I gain? 

By leaving a legacy to Tyneside Cinema you could reduce the value of your estate and so your family would pay less inheritance tax so you could choose to support Tyneside Cinema rather than pay tax to HM Revenue and Customs.

Are there different ways of leaving a gift in my Will?

There are a number of different ways of leaving a gift in your Will.  The most common ones are listed below. 

A pecuniary legacy
This is where you specify an amount of money to be given to a charity.

A specific legacy
This is where you identify particular valuable items or assets to be given to a charity. Such assets might take the form of property, vehicles, stocks, shares, furniture or other valuable items. Charities typically will sell such gifts to utilise the proceeds as necessary. 

A residuary legacy
This is where you dedicate all or part of the balance of your estate to a charity after expenses and all of your other wishes have been met.

What to do if you are thinking of making a legacy gift to Tyneside Cinema 

You do not need to contact the cinema if you decide to leave a gift in your Will.  However you may wish to get in touch to discuss what your intended gift is or to find out more about how legacy funds are used by the cinema. We would be very happy to meet and discuss this with you.  In the first instance you should contact contact

Laura Allan, Company Administrator,
email:  laura.allan@tynesidecinema.co.uk 
Telephone: 0191 227 5503

Acknowledging your gift to the Tyneside

Many people leave legacies anonymously to charity. We would be honoured to recognise your gift to the Tyneside publicly in some tangible and permanent way (e.g. displaying your name in the building in various ways etc). If you would like to have your gift recognized in such a way please feel free to contact us to discuss what may be practical and possible. 

This page is designed to give you general information; it is not intended to provide specific advice about the legal or tax implications of charitable giving. Before leaving a legacy to the Tyneside Cinema, you should consult with your accountant, solicitor, or a financial advisor. You will not be under an obligation towards the Tyneside Cinema and this will not commit you to a particular course of action, or limit your freedom to change your Will.