It goes without saying that your loved ones should come first when you are thinking about writing your will. However, in leaving a gift to Rydal Penrhos you can help to ensure that future generations continue to benefit from the quality of education and the unique experience that Rydal Penrhos offers well into the future.
Leaving a gift in your will is the perfect way for you to give something back to the school and, as we are a registered charity, the beneficiaries of your estate would gain from a reduction in inheritance tax. Not only are any gifts made to charities exempt from inheritance tax, new legislation introduced in April 2012 means that anyone leaving at least 10% of their estate to charity will have the inheritance tax due on the remaining amount reduced from 40% to 36%.
There are a number of ways in which you can help Rydal Penrhos by leaving a gift in your will:
A pecuniary bequest is a gift of a fixed amount of money. The value of a pecuniary bequest can erode over time as inflation increases.
A residuary bequest is the gift of the residue of an estate after other bequests, debts, fees and liabilities have been met.
A reversionary bequest is where your gift is placed in trust and named Trustees can advance capital to your spouse and children if needed. The school would only benefit after their death.
A specific bequest is the gift of a specific item, such as jewellery or a piece of art.
What to do next
Obviously we hope that you will be with us for as long as possible, however there are steps that you can take in order to ensure that your wishes are met when the time comes. We would strongly recommend that you speak to a solicitor regarding making or changing your will.
We would be very grateful if you could inform us of your intention to remember Rydal Penrhos in your will. This will enable you to become a member of the Frederick Payne Society, and will give us the opportunity to thank you for your generosity.
The Frederick Payne Society
Reverend Frederick Payne played a pivotal role in the founding of both Rydal and Penrhos. He founded Penrhos College in 1880, under the headship of Miss Wenn, before building himself a home in Colwyn Bay which he called Rydal Mount. Two years later, he sold this house to Thomas Osborn who launched his school there, keeping the original name. Frederick Payne then moved further up Pwllycrochan Avenue to a large house called Beecholme, which is still in use today as a boys’ boarding house. Frederick Payne also bought further land in Colwyn Bay, on which he built a church. St John’s Wesleyan Church was completed in 1887 and was regularly used by Rydal School and Penrhos College. St John’s is now used by Rydal Penrhos for daily chapel.
[Penrhos College] owes more than one can say to the Rev. F. Payne, a Wesleyan Minister living in North Wales, and notable for his old-world courtesy, as for his great ability and foresight. He saw the possibilities of the future when there was no village, still less town, of Colwyn Bay.
Miss Rosa Hovey, Headmistress of Penrhos College 1894-1928.
Reverend Frederick Payne had a vision for the education of young people in Colwyn Bay. By remembering Rydal Penrhos in your will, you can help us to ensure that this vision remains a reality for many years to come.
In becoming a member of the Frederick Payne Society you will receive VIP invitations to school events throughout the year (such as Speech Day and the Carol Service), and will be invited to attend an annual Benefactors’ Lunch with the Headmaster.
To inform us of your intentions, please download and complete our legacy pledge form and return to:
Alumni & Development Director
Rydal Penrhos School
Please note that this form is not a binding contract and does not commit you in any way. It is purely a statement of your intentions at this time.