Do you have a happy memory of the Kent and East Sussex Railway or even of railways in general?
Do you appreciate the effort that has been put into preserving a worthwhile heritage railway?
Do you want to ensure your legacy makes a difference and provides enjoyment to generations to come?
Whatever your reason, leaving money to the Railway through your will means the restoration, enhancement and development of the K&ESR can be achieved. It is also tax efficient! Legacies to the charity are exempt from tax, and usually this benefits others you name in your will.
The Kent & East Sussex Railway is a not for profit historical and educational charity (Registered Charity No. 262481) with the objectives of preserving the line between Tenterden and Robertsbridge as an example of rural light railway. Most of the work is done by volunteers. Income from day to day operations covers the cost of running the Railway, however, to make enhancements we need the additional income your legacy can provide.
How to remember the K&ESR in your Will
If you have already made a will, it is straightforward to add a codicil that modifies an existing will. An example of wording you can use is shown here
What can I leave to the K&ESR?
There are three types of legacy:
- Residuary: the whole of the estate, or a percentage of it after other specific gifts and expenses have been made. This allows for the legacy value to be maintained in real terms. An example of wording you can use is shown here
- Pecuniary: a specific sum of money, such as £1,000. An example of wording you can use is shown here
- Specific Gift: eg, property, an item of value, or shares. An example of wording you can use is shown here
In addition, as you no longer have to buy an annuity when you retire, the capital remaining in a pension fund can be distributed as you wish. It is not considered to be part of your estate and is not covered by your will. You should specify how this asset is dealt with by a nomination form or “letter of wishes”. If you die after the age of 75 there is normally a tax charge that can be up to 45% but if you specify the Kent and East Sussex Railway charity as the beneficiary this will not apply.
Specifying how the money will be spent
We would prefer that any money left to the K&ESR is made without restriction. This allows the trustees to allocate the funds where they are most needed. Legacies are not used for day to day operations, they are set aside for projects that will enhance the Railway in accordance with our charitable aims. If a project is specified in a will, but then either does not proceed or is completed before you die, the restricted funds are not useable. We are happy for you to state a wish for how the money is to be used as a rider to your will so we know what your intentions are without being unduly restrictive. If you have a specific request, then please contact [email protected] and we will be happy to discuss your requirements.
Memorial Garden and Commemoration Services
If you or your loved ones have the Kent & East Sussex Railway close to your heart, you might like to consider a personal plaque in our Memorial Garden.
Created at Northiam Station, adjacent to the track, this is a tranquil, appropriate spot to remember those who have had a particularly special relationship with the railway.
For a donation, the ashes of your loved one can be scattered in our Memorial Garden as a unique resting place. You may also wish to purchase a commemorative plaque* as a permanent feature which will be fixed to a special railway sleeper wall within the garden.
*The plaques, as illustrated, are made of very robust, rigid plastic which will be engraved with the wording of your choice. The plaques measure approximately 8 inches x 6 inches.
We can provide a range of catered packages for commemorative events. Please contact [email protected] to discuss your requirements.
An example of wording you can use is shown here.
Contact us for more information
You can write to us at The Fundraising Manager, Kent & East Sussex Railway, Tenterden Town Station, Station Road, Tenterden TN30 6HE or email [email protected]
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