Difference between revisions of "The 4150 Fund"

From SVR Wiki
Jump to: navigation, search
m (Typo)
(HRMC approval still required)
 
Line 14: Line 14:
 
On completion of the restoration the SVR will operate 4150 on a commercial agreement with the Fund.  
 
On completion of the restoration the SVR will operate 4150 on a commercial agreement with the Fund.  
  
The Fund announced in 2019 it was consulting on applying to become a Charitable Community Benefit Society. At the AGM on 23 February 2019 the membership overwhelmingly approved the Trustees' proposal to proceed with this application. The fund duly became a Community Benefit Society as of 2 September 2019.<ref>4150 Fund September 2019 Update</ref>  
+
The Fund announced in 2019 it was consulting on applying to become a Charitable Community Benefit Society (CBS). At the AGM on 23 February 2019 the membership overwhelmingly approved the Trustees' proposal to proceed with this application. The fund duly became a CBS on 2 September 2019. {{As of|2019|09}} the Fund still needs to register with HMRC for charitable status although once approved, the ability to claim Gift Aid can be back dated to the date on which the Fund became a CBS<ref>4150 Fund September 2019 Update</ref>.
  
 
===Fundarising===
 
===Fundarising===

Latest revision as of 15:33, 10 September 2019

Fund members at work at Bewdley

The 4150 Fund is a Community Benefit Society, Registration Number 8179. The Fund publishes an annual newsletter.

History

The 4150 Fund began as an unincorporated body with a number of 'shareholders'. It was launched in March 1973 to purchase GWRGreat Western Railway 2‑6‑2T No 4150 from Barry Scrapyard, for the price of £2,750.

4150 left BarryWoodham Brothers Scrapyard, Barry, South Wales. The source of many locomotives now in preservation. in 1974 and in company with 7812 Erlestoke Manor was towed by Class 25 diesel to the Dean Forest Railway at Parkend. However site difficulties meant no work took place, and led to the Fund deciding to move the locomotive to the SVRSevern Valley RailwaySVRA:Severn Valley Railway AssociationSVRS:Severn Valley Railway Society. The move to Bewdley took place in January 1978, again by rail.

The Fund acquired a GresleySir Nigel Gresley, Chief Mechanical Engineer (CME) of the London & North Eastern Railway 1923-1941 teak coach, GNR BCK 229 (later LNERLondon & North Eastern Railway 4229 and BRBritish Rail or British Railways mess van TDE 320700) which arrived at Bewdley in 1977 and was used as a mess van.[1] Ownership was later transferred to the LNER Coach Fund.[2]

By the mid-80s fund raising and restoration progress had slowed. In November 2006 an EGM was held and a new committee was formed to restart and complete the restoration, which continues. 80 of the original Shareholders were traced, twelve of whom increased the number of shares they held, and a new issue brought in a further 68 Shareholders. A recommendation to amend the constitution to 'one member, one vote' was however rejected as, although an overall majority were in favour, it failed to reach the required majority of two-thirds. By 2008 a referendum had been held with a unanimous result in favour of adopting a new Constitution, which came into effect on 1 January 2009. The 2008 AGM was informed that a few Fund spares had been recovered by the Trustees, but some were unaccounted for.

On completion of the restoration the SVRSevern Valley RailwaySVRA:Severn Valley Railway AssociationSVRS:Severn Valley Railway Society will operate 4150 on a commercial agreement with the Fund.

The Fund announced in 2019 it was consulting on applying to become a Charitable Community Benefit Society (CBSCommunity Benefit Society, a charitable body). At the AGM on 23 February 2019 the membership overwhelmingly approved the Trustees' proposal to proceed with this application. The fund duly became a CBSCommunity Benefit Society, a charitable body on 2 September 2019. As of September 2019 the Fund still needs to register with HMRC for charitable status although once approved, the ability to claim Gift Aid can be back dated to the date on which the Fund became a CBSCommunity Benefit Society, a charitable body[3].

Fundarising

In 2008 a Severn Valley Railway Association raffle raised a record net total of almost £16,000 toward the boiler work. A further raffle in 2018 raised in excess of £24,500 before expenses.[4][5]

The Fund organised Peep Behind the Scenes, an annual fundraising event, between 2010 and 2016.

Each year from 2016 the Fund has run an Evening Social Special, a special train which departs from Kidderminster for a full return trip and provides suitable liquid refreshments.[6]

See also

List of preservation groups
GWR Large Prairie 4150
Peep Behind the Scenes
Charities associated with the SVR


References

  1. SVRSevern Valley RailwaySVRA:Severn Valley Railway AssociationSVRS:Severn Valley Railway Society Stock Book 7th Edition
  2. SVRSevern Valley RailwaySVRA:Severn Valley Railway AssociationSVRS:Severn Valley Railway Society Stock Book 8th Edition
  3. 4150 Fund September 2019 Update
  4. SVRSevern Valley RailwaySVRA:Severn Valley Railway AssociationSVRS:Severn Valley Railway Society News 202
  5. 4150 Fund 2019 newsletter (retrieved 23 February 2019)
  6. 4150 Fund 2018, 2019 Newsletters

Links

The 4150 Fund website