Inspired by these few words, In 1979 a small group of enthusiasts met to form the Lynton & Barnstaple Railway Association with the intention of reopening part of the line within about 18 months.
The Association was absorbed into The Lynton & Barnstaple Railway Trust which was first registered with the Charity Commission for England and Wales on 22 September 2000.
The Trust has to date received only a small amount of grant funding, the vast majority of income having been raised through the efforts of its members.
Trains now run on a two-mile round trip over the original route within Exmoor National Park above the Heddon Valley near Parracombe.
Each September, at the Annual Steam Gala, a wreath of bronze chrysanthemums is carried on the pilot loco, and afterwards, laid on Captain Woolf's grave in remembrance, and in gratitude for his inspirational words.