Difference between revisions of "Severn Valley Railway Charitable Trust Ltd"

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*''the provision of education and skills training used in the restoration, repair and operation of historic railways to ensure their long term survival''"
 
*''the provision of education and skills training used in the restoration, repair and operation of historic railways to ensure their long term survival''"
  
The Trust is a member of the Heritage Trust Network, an umbrella organisation for built heritage preservation groups and individuals formed in 2016 from the Association of Preservation Trusts (UK-APT). Members work to restore built heritage and bring historic buildings back into community use<ref>[http://www.heritagetrustnetwork.org.uk/our-members/severn-valley-railway-charitable-trust/ www.heritagetrustnetwork.org.uk]</ref>.
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The Trust is a member of the Heritage Trust Network, an umbrella organisation for built heritage preservation groups and individuals formed in 2016 from the Association of Preservation Trusts (UK-APT). Members work to restore built heritage and bring historic buildings back into community use.<ref>[http://www.heritagetrustnetwork.org.uk/our-members/severn-valley-railway-charitable-trust/ www.heritagetrustnetwork.org.uk]</ref>
  
 
===Shareholding in SVR(H)===
 
===Shareholding in SVR(H)===
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==Support==
 
==Support==
The Trust supports a variety of projects including rolling stock, infrastructure, permanent way, diesel, [[Bridgnorth#Bridgnorth_Development_Project|Bridgnorth Development Project]], education and access. Its annual report and accounts, available online from Companies House, lists the projects it has supported in the previous year and the amounts committed. Major projects include:
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The Trust supports a variety of projects including rolling stock, infrastructure, permanent way, diesel, Bridgnorth development, education and access. Its annual report and accounts, available online from Companies House, lists the projects it has supported in the previous year and the amounts committed. Major projects include:
  
 
*The Charitable Trust funds most of the costs of the SVR’s [[Heritage Skills Training Academy]] and team of apprentices. It costs £21,000 to fund an apprentice for one year, and the Trust funded £98,457 in 2019.
 
*The Charitable Trust funds most of the costs of the SVR’s [[Heritage Skills Training Academy]] and team of apprentices. It costs £21,000 to fund an apprentice for one year, and the Trust funded £98,457 in 2019.
 
*It secured an HLF grant of £95,000 and contributed over £500,000 to the overhaul of [[GWR 4930 Hagley Hall | 4930 Hagley Hall]]
 
*It secured an HLF grant of £95,000 and contributed over £500,000 to the overhaul of [[GWR 4930 Hagley Hall | 4930 Hagley Hall]]
 
*At [[Falling Sands Viaduct]] it raised £1.25m for major repairs, completed in 2021.
 
*At [[Falling Sands Viaduct]] it raised £1.25m for major repairs, completed in 2021.
*Applications for the [[2020 coronavirus disease (COVID-19) pandemic|Fight Back Fund]] for which the SVR received £250,000 grant from The [[:Category:Lottery funding#National_Lottery_Heritage_Fund|National Lottery Heritage Emergency Fund]] and  £906,000 from the Culture Recovery Fund<ref>[https://www.shropshirestar.com/entertainment/attractions/2020/07/15/severn-valley-railway-receives-250000-funding-boost-ahead-of-reopening/ Smith, R., 'Severn Valley Railway receives £250,000 funding boost ahead of reopening', Shropshire Star, 15 July 2020] (Retrieved 15 July 2020)</ref><ref>[https://www.gov.uk/government/news/445-heritage-organisations-saved-by-103-million-investment-from-government Department for Digital, Culture, Media & Sport] (Retrieved 9 October 2020)</ref>.
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*Applications for the [[2020 coronavirus disease (COVID-19) pandemic|Fight Back Fund]] for which the SVR received £250,000 grant from The [[:Category:Lottery funding#National_Lottery_Heritage_Fund|National Lottery Heritage Emergency Fund]] and  £906,000 from the Culture Recovery Fund.<ref>[https://www.shropshirestar.com/entertainment/attractions/2020/07/15/severn-valley-railway-receives-250000-funding-boost-ahead-of-reopening/ Smith, R., 'Severn Valley Railway receives £250,000 funding boost ahead of reopening', Shropshire Star, 15 July 2020] (Retrieved 15 July 2020)</ref><ref>[https://www.gov.uk/government/news/445-heritage-organisations-saved-by-103-million-investment-from-government Department for Digital, Culture, Media & Sport] (Retrieved 9 October 2020)</ref>
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In October 2017 the Trust announced it was establishing an [[The Engine House#Commemorative_Garden|In Memory Garden]] for SVR supporters, close to [[The Engine House]].
  
 
===Charitable expenditure===
 
===Charitable expenditure===
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*The Charitable Trust took over the organisation of the annual [[Peep Behind the Scenes]] day for 2017.
 
*The Charitable Trust took over the organisation of the annual [[Peep Behind the Scenes]] day for 2017.
 
*14 June 2017: Charity Race Day at Worcester Racecourse raising £23,000.<ref>SVR Twitter 15 June 2017</ref>
 
*14 June 2017: Charity Race Day at Worcester Racecourse raising £23,000.<ref>SVR Twitter 15 June 2017</ref>
*11 June 2018: Annual Charity Race Day at Worcester Racecourse raising £13,000<ref>[https://www.svrlive.com/epjuly18 'Express Points', July 2018]</ref>.
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*11 June 2018: Annual Charity Race Day at Worcester Racecourse raising £13,000.<ref>[https://www.svrlive.com/epjuly18 'Express Points', July 2018]</ref>
  
 
===Endowment Future Fund===
 
===Endowment Future Fund===

Latest revision as of 09:55, 14 March 2021

Severn Valley Railway Charitable Trust Ltd is a Registered Charity, Number 1092723, for the purpose of raising funds to support the SVRSevern Valley Railway. It is commonly referred to on the SVRSevern Valley Railway as the Charitable Trust. Its objectives are to help fund restoration and maintenance projects, to help arrest the decline of heritage engineering skills and to safeguard the long-term future and operational capability of the Railway.

It is a membership body. Governance is through up to nine trustees, including ex officio the chairman (or their nominee) from each of SVR(H) and Severn Valley Railway Company Limited. Its salaried director of development is Shelagh Paterson.

Origins and Objects

The SVRSevern Valley Railway Rolling Stock Trust Company Limited was incorporated on 17 December 2001 as a private company limited by guarantee, company number 04341280. As a charitable body, its Objects were:[1]

"To advance education for the benefit of the public by:

  • the acquisition, restoration, preservation, operation maintenance and display of heritage railway locomotives, coaches, wagons and artefacts
  • the provision of facilities for the education, training and certification of trainees in the practicalities, techniques and methods used in the restoration, repair and operation of historic railways"

On 29 June 2012 the Trust took on a wider remit as the SVRSevern Valley Railway's general charitable trust, for which purpose it adopted its present name.[2]

The Charitable Trust was the SVRSevern Valley Railway's 'owner of last resort', "...ensuring that various locomotives, coaches and wagons that have been lovingly restored over many years by SVRSevern Valley Railway volunteers can remain at the Railway, in perpetuity. As the members of the many preservation groups inevitably age and their numbers dwindle, items of rolling stock can be donated to the Charitable Trust, in order to be absolutely certain they will remain at the Railway for the long-term."[3]

The current (2019) Articles of Association state that:[4]

"The Charity’s Objects are specifically restricted to the following:

  • to advance education for the benefit of the public by the acquisition, restoration, preservation and operation of heritage railway locomotives, carriages, wagons, station buildings, track and other associated infrastructure
  • establishing buildings to house and preserve the Charity’s rolling stock collection
  • the provision of educational and interpretive displays for the travelling public and
  • the provision of education and skills training used in the restoration, repair and operation of historic railways to ensure their long term survival"

The Trust is a member of the Heritage Trust Network, an umbrella organisation for built heritage preservation groups and individuals formed in 2016 from the Association of Preservation Trusts (UK-APT). Members work to restore built heritage and bring historic buildings back into community use.[5]

Shareholding in SVRSevern Valley Railway(H)

The Trust is a minor shareholder in SVR(H) by way of donated or bequeathed shares. In the 2012 Share Offer existing shareholders with small numbers of shares who did not want to increase their holding were invited to donate their shares to the Trust. In 2019 the market value was £24,435.

Support

The Trust supports a variety of projects including rolling stock, infrastructure, permanent way, diesel, Bridgnorth development, education and access. Its annual report and accounts, available online from Companies House, lists the projects it has supported in the previous year and the amounts committed. Major projects include:

  • The Charitable Trust funds most of the costs of the SVRSevern Valley Railway’s Heritage Skills Training Academy and team of apprentices. It costs £21,000 to fund an apprentice for one year, and the Trust funded £98,457 in 2019.
  • It secured an HLFHeritage Lottery Fund (National Lottery Heritage Fund from 2019) grant of £95,000 and contributed over £500,000 to the overhaul of 4930 Hagley Hall
  • At Falling Sands Viaduct it raised £1.25m for major repairs, completed in 2021.
  • Applications for the Fight Back Fund for which the SVRSevern Valley Railway received £250,000 grant from The National Lottery Heritage Emergency Fund and £906,000 from the Culture Recovery Fund.[6][7]

In October 2017 the Trust announced it was establishing an In Memory Garden for SVRSevern Valley Railway supporters, close to The Engine House.

Charitable expenditure

The report and accounts and Charity Commission website record expenditure on charitable activities by year. An incomplete record follows:

Financial year ending Amount Notes
2016 £166,770
2017 £436,890
2018 £382,580
2019 £695,990

Fundraising

The Trust receives funds from single donations and regular giving, grant making bodies, companies and groups and gifts in Wills.

In its early years it appointed Compton Fundraising Consultants. It subsequently moved to a staff and volunteer based model.

It has sought to develop large scale fundraising, including lottery funding.

To generate support from "influential individuals" the Trust may typically invite a small group to spend a day on the SVRSevern Valley Railway using an Observation Saloon to make conducted visits to workshops to met staff and volunteer craftsmen.[8]

  • In addition to gifts it seeks pledges or future bequests. Those leaving a gift in their Will to the SVRSevern Valley Railway Charitable Trust are invited to join the Guardians' Club.[9]
  • Individuals donating over £100 or giving regular gifts by monthly contributions are invited to join the Patrons' Club.[9]
  • It has the support of Corporate partners

In May 2016, the Trust secured a grant of £75,000 from the Department for Transport towards a project to adapt a carriage to wheelchair use to complete the SVRSevern Valley Railway’s fleet of accessible carriages, and rebuilding a second carriage to provide wheelchair-accessible dining facilities.

Fundraising events

Events organised by the Charitable Trust include:[10]

  • April 2014: Charity Race Day at Ludlow Races raising £62,000.[11]
  • June 2015: Charity Race Day at Worcester Racecourse raising £34,500.[12]
  • June 2016: Charity Race Day at Worcester Racecourse raising £22,000[13]
  • September 2016: VIP Flying Scotsman Charity Day[14]
  • The Charitable Trust took over the organisation of the annual Peep Behind the Scenes day for 2017.
  • 14 June 2017: Charity Race Day at Worcester Racecourse raising £23,000.[15]
  • 11 June 2018: Annual Charity Race Day at Worcester Racecourse raising £13,000.[16]

Endowment Future Fund

The Trust set up an endowment Future Fund, the income from which is intended to allow sustainable investment on the Railway in years to come. It has aspirations to grow the Fund to £2 million by 2020 and eventually to £10 million.[17] It appointed professional investment managers, Brewin Dolphin, to manage the investment. Donations to the Future Fund were matched, pound for pound, by a Heritage Lottery Fund Catalyst programme grant of up to £500,000 which was awarded in 2013 and reached on 26 May 2017, giving a total fund value of over £1 million.

Current appeals and restricted funding

The Trust's website lists its current appeals (11 as at 2021) and the annual report and accounts details funds restricted by the donor to particular items or projects (19 as at 2019).

Rolling stock

The Charitable Trust owns GWR 7819 Hinton Manor, BR Class 11 12099 and a number of carriages and goods wagons. A full list of all the rolling stock owned by the Trust can be found here.

Some of these vehicles were donated to the Trust by preservation groups, including the following.

See also

References

  1. Companies House
  2. SVRSevern Valley Railway News 178
  3. Statement from Director of Development, November 2016 on SVR Live
  4. Companies House
  5. www.heritagetrustnetwork.org.uk
  6. Smith, R., 'Severn Valley Railway receives £250,000 funding boost ahead of reopening', Shropshire Star, 15 July 2020 (Retrieved 15 July 2020)
  7. Department for Digital, Culture, Media & Sport (Retrieved 9 October 2020)
  8. 2013 Annual Report
  9. 9.0 9.1 Charitable Trust Website 'Make a Donation' (retrieved 12 August 2019)
  10. Charitable Trust news page
  11. 2014 Annual Report
  12. Worcester News
  13. James Connell, 'Race day at Worcester supports Severn Valley Railway's Heritage Skills Training Academy', Malvern Gazette 23 June 2016 (Retrieved 5 March 2017)
  14. Charitable Trust Flying Scotsman page
  15. SVRSevern Valley Railway Twitter 15 June 2017
  16. 'Express Points', July 2018
  17. SVRLive Charitable Trust page, 26 April 2017

Links

Charitable Trust website
SVRLive page