The Ravenglass & Eskdale Railway Preservation Society

Legacies

Leaving a legacy

The Preservation Society has published a leaflet which offers advice on how to leave a legacy to the Preservation Society or its charitable Trust.

legacies leaflet
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Legacies can make a lasting difference

Legacies help the Preservation Society to continue its work. We provide financial and practical support to the Railway Company in many ways including provision of volunteer labour, help with projects, refurbishment of buildings, the lineside and rolling stock, transport cost for visiting locos and general maintenance.

The Preservation Society owns rolling stock that helps to keep the railway running and maintain the passenger service – the steam engines River Mite of 1967 and Krauss Pacific 8457 brought from Spain in 2016, the diesel locomotive Douglas Ferreira and an open coach. The Murthwaite Locomotive Group, a subgroup of the Preservation Society, owns the shunting loco Cyril. Keeping this fleet running can be expensive.

One of the intermediate stations, The Green, was entirely built and funded by members of the West Yorkshire group of the Preservation Society, and refurbished with a legacy from a member in 2013.

The Preservation Society has recently used legacies to contribute a significant sum towards the rebuilding and refurbishment of the railway museum in Ravenglass which seeks to record the heritage of the railway for the education of future generation both locally and from a national perspective.

You can see that a gift of any size makes a real difference to us and is very welcome.

Your legacy will play a vital part in enabling us to continue to support the future of the railway and our locomotives. No legacy will be used for the general running costs of the Society or railway.

Can I specify what my legacy is used for?

Yes, if you specify a particular purpose for your legacy then the Council will do its utmost to fulfil that intent. However, unrestricted legacies are appreciated because they enable us to target funds where they are most appropriate at any given time.

Why make a Will?

Making a Will is important to safeguard your loved ones. It is surprising but only 1 in 3 people actually make a Will but without one your estate may not be distributed as you would wish and in some instances could even go to the Crown. A Will enables you to distribute your estate as you wish and to remember those people and organisations closest to your heart.

How do I leave a legacy?

It is usually sensible to consult a solicitor when first preparing a Will. There are two types of legacy:

  • Pecuniary – a specific sum.
  • Residuary – the whole or part of an estate after specific gifts have been made.

Alternatively, you can also leave a specific gift, an item of value which could be sold for the benefit of the charity or the future benefit of the railway such as property, shares or historic items such as antiques relating to the railway.

If you already have a Will in place you can also complete a simple Codicil and leave this with your Will (do not staple or in any way attach to the Will as any marks can delay probate) but it is worthwhile advising your next of kin or solicitor of your decision.

If you wish, you could tell us why you have decided to remember the Ravenglass & Eskdale Railway Preservation Society in your Will. We would love to hear your story as part of our archive.

The legacies leaflet includes further guidance and suggested wording, or you can contact one of the Society’s officers to discuss in more detail.