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The Waterman Railway Heritage Trust (‘The Trust’) owns [[GWR 5600 class 6634]], which arrived at the SVR for restoration in 2009, and left in an incomplete state in 2017 to move to Peak Rail.It also owns [[Carriages formerly resident on the SVR|formerly resident GWR Hawksworth 12 wheeled Sleeping Coach 9082]].

The Trust is an unincorporated Registered Charity No. 1039409. Its aim is the “preservation of historic railway engines, carriages and ancillary items, education of the general public as to the historical significance of preserved railways through the promotion of actual rolling stock and scale models.” Its Trustees include Dr Pete Waterman OBE DL.<ref>[http://apps.charitycommission.gov.uk/Showcharity/RegisterOfCharities/CharityWithoutPartB.aspx?RegisteredCharityNumber=1039409&SubsidiaryNumber=0 The Charity Commission]</ref>

The Trust’s other assets include GWR 4575 Class 2-6-2T No. 5553 and GWR 5205 Class 2-8-0T No. 5224<ref>[https://en.wikipedia.org/wiki/Peak_Rail#Undergoing_overhaul Trust employs a number of people on site at Peak Rail Wikipedia]</ref> and substantial amounts as part of railway models. Peak Rail’s Press Release May 12th 2015 announced: “Dr Pete Waterman OBE DL is delighted to announce that he has reached an agreement a mechanical engineering team tasked with Peak Rail to base his Waterman Railway Heritage restoring the locomotives in the Trust assets at its Rowsley site”'s collection<refname=Peak>[https://www.facebookpeakrail.com/PeakRail/posts/807125802712140 Peak Rail Press Release 12 April 2015]</ref>co. Both locomotives moved in 2015 from Crewe Heritage Centre to be overhauled. <ref>[https:/uk/en.wikipedia.org/wiki/Peak_Rail#Undergoing_overhaul Peak Rail Wikipedia]</ref> In December 2016 it was reported on National Preservation that assessment on 5553 has started at Peak Rail, with its roof lifted off and cladding removed.<ref>[http://railways.nationalour-preservation.comrailway/threadsenthusiasts/peak-rail-update-ofwaterman-whatsheritage-occuring.21492trust/Waterman Railway Heritage Trust page-87#post-1683115 National Preservationon Peak Rail website](Retrieved 8 October 2021)</ref>.

Mr ==Dr Pete Waterman auctioned around a tenth of his collection of railway models on 16 April 2015 for more than £600,000, in order to “raise enough money to secure the future of the ==Its Trustees include Dr Pete Waterman Railway Heritage TrustOBE DL.”<ref>[http://wwwapps.bbccharitycommission.cogov.uk/newsShowcharity/RegisterOfCharities/uk-england-coventry-warwickshire-32331602 BBC 16 April 2015CharityWithoutPartB.aspx?RegisteredCharityNumber=1039409&SubsidiaryNumber=0 The Charity Commission]</ref> Donations made In 2016 Dr Waterman became a vice-president of the Transport Trust, a UK charity dedicated to The Trust in the year ending 31 March 2016 will appear in Charitypreservation of the nation's accounts/annual return/annual update for that period which are due to be received by 31 January 2017transport heritage. <ref>[http://appswww.charitycommissiontransportengineer.govorg.uk/Showcharitytransport-engineer-news/pete-waterman-steams-into-transport-trust/RegisterOfCharities149911/CharityWithoutPartB.aspx?RegisteredCharityNumber=1039409&SubsidiaryNumber=0 The Charity CommissionTransport Engineer 9 January 2017](Retrieved 2 February 2017)</ref>In 2018 he became President of Peak Rail plc<ref>Steam Railway Magazine, 27 April 2018</ref>.

==Locomotives==In 2016 The Trust sold addition to 6634, the unrestored 7027 Thornbury CastleTrust’s other steam locomotives are GWR 4575 Class 2-6-2T No. 5553 and GWR 5205 Class 2-8-0T No. 5224.Peak Rail’s Press Release in May 2015 announced: “Dr Pete Waterman OBE DL is delighted to announce that he has reached an agreement with Peak Rail to base his Waterman Railway Heritage Trust assets at its Rowsley site”<ref>[httphttps://www.railwaymagazinefacebook.co.ukcom/PeakRail/posts/807125802712140 Peak Rail Press Release 12 May 2015]</castle-no-7027-thornbury-castle-sold-and-ref> Both of these locomotives moved in that year from Crewe Heritage Centre to-be-restored-for-mainlineoverhauled.<ref>[https://en.wikipedia.org/wiki/ Railway Magazine 1 August 2016Peak_Rail#Steam_locomotives Peak Rail Wikipedia]</ref>

It also owns diesel locomotives 08830, D7659 (25309/25909) and [[Diesel Locomotives visiting the SVR for galas#2000-2009|46035 (D172) Ixion]]<ref name=Peak/>. ===Former locomotive===In 2016 the Trust sold the unrestored 7027 Thornbury Castle<ref>[http://www.railwaymagazine.co.uk/castle-no-7027-thornbury-castle-sold-and-to-be-restored-for-mainline/ Railway Magazine 1 August 2016]</ref>. ===Financial settlement with the SVR===Work on locomotive 6634 stalled in 2012 after the boiler tubeplate was stolen from Crewe Heritage Centre, where boiler work was being carried out. By 2014 the SVR reported that there was no progress or commitment on the boiler and the SVR was seeking legal advice concerning the continued lack of progress in order to resolve this long running problem.<ref>[https://www.svrlive.com/Pages/News0214.aspx SVRLive News update 19 February 2014]</ref><ref>[https://www.svrlive.com/Pages/news0814.aspx SVRLive News update 4 July 2014]</ref> The 2017 [[SVR(H)]] accounts included a £65k settlement from the Trust<ref>Minutes of the SVR(H) AGM held on 16 June 2018, Para. 4</ref>. ==Other rolling stock==Other stock includes BR 21T steel open mineral wagon No B313014 and BR Pallet Van No B769951, and coaches GWR Hawksworth 12 wheeled Sleeping Coach 9082 and BR(LMR) Staffs Area Managers Inspection Saloon DB 999501<ref name=Peak/>. ==Railway models==It also owns substantial amounts of railway models. It was reported that Dr Waterman auctioned around a tenth of his [sic] collection of railway models in April 2015 for more than £600,000, in order to “raise enough money to secure the future of the Waterman Railway Heritage Trust”.<ref>[http://www.bbc.co.uk/news/uk-england-coventry-warwickshire-32331602 BBC 16 April 2015]</ref> Subsequently, income to the Trust in its annual returns in the years ending March 2015-20 was £40,203 and spending £570,253<ref>[http://beta.charitycommission.gov.uk/charity-details/?regid=1039409&subid=0 The Charity Commission]</ref>. ==See Alsoalso==[[List of preservation groups|Preservation groups formerly associated with the SVR]] ==References==<references />