There are two areas of financial need for The Littlegate Trust:
Ongoing operating costs
The trust has low operating costs. There is a part time administrator, there are ongoing audit and other professional fees, and there is a sinking fund to enable the Trust to be able to undertake repairs and maintenance on rented properties.
The Trust charges modest rents on the properties it leases to churches, and currently there is no rent paid on the Grace Church building or The Pennyfarthing. Most of the rental payments go to service the debt obligations on the property portfolio. In order to keep rents on the residential properties below market rate, the Trust runs a deficit which needs to be funded from gifts.
The financial goal of Littlegate is to pay down all the debt on its properties so that it can minimise rental costs for churches and also to strengthen its balance sheet in order to continue purchasing properties for gospel ministry.
Gifts for either of these purposes would be serving God’s kingdom in a significant way. When one looks down the centuries at how small investments in buildings to facilitate ministry have laid an invaluable foundation for the work of the gospel, we hope that supporters will be encouraged by the vision of The Littlegate Trust to create a portfolio of buildings in the Oxford area which is safeguarded for gospel ministry for future generations.
Supporting the Littlegate Trust
To support the Trust financially, please download and fill in our Giving Form for one-off gifts and regular giving, including a Standing Order form.
The PDF will open in a new tab. On your computer, select File > Print to print out and then fill in the document.
Account Name: The Littlegate Trust
Account No.: 41386876
Sort Code: 60-01-01
Natwest, 11 Market Place, Abingdon OX14 3HH