~~Table~~SECURITIES ofAND ~~Contents~~EXCHANGE COMMISSION

~~SECURITIES~~Washington, ~~AND~~D.C. ~~EXCHANGE COMMISSION~~20549

~~Washington,~~FORM ~~D.C. 20549~~6-K

~~FORM~~REPORT 6OF FOREIGN ISSUER PURSUANT TO RULE 13a-K16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934

~~REPORT OF FOREIGN ISSUER~~For ~~PURSUANT~~the TOmonth ~~RULE~~of ~~13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934~~ December 2006

~~For~~Gracechurch ~~the~~Card Funding ~~month of May~~(No. ~~2006~~11) PLC Barclaycard Funding PLC

Gracechurch ~~Card Funding (No. 11) PLC Barclaycard Funding PLC Gracechurch~~ Receivables Trustee limited

(Exact name of Registrant as specified in its charter)

1 Churchill Place, London E14 5HP United Kingdom 44-171-699-5000

(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F þ Form 40-F o

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o No þ

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-~~_______~~

TABLE OF CONTENTS


SIGNATURE

~~Table of Contents~~SIGNATURE

~~SIGNATURE~~Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

~~Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly~~Date: ~~caused~~16th ~~this report to be signed on its behalf by the undersigned, thereunto duly authorized.~~January 2007

~~Date~~GRACECHURCH CARD FUNDING (NO. 11) PLC Jonathon William Albright Title: ~~15th~~Director ~~June 2006~~ BARCLAYCARD FUNDING PLC Jonathon William Albright Title: Director GRACECHURCH RECEIVABLES TRUSTEE LIMITED Jonathon William Albright Title: Director

~~GRACECHURCH~~EXHIBIT ~~CARD~~C ~~FUNDING~~SCHEDULE ~~(NO.~~TO ~~11)~~EXHIBIT ~~PLC~~B MONTHLY ~~Paul~~SERVICER’S ~~Gerard Turner Title: Director BARCLAYCARD FUNDING PLC Paul Gerard Turner Title: Director GRACECHURCH RECEIVABLES TRUSTEE LIMITED Paul Gerard Turner Title: Director~~REPORT

~~Table~~MONTHLY PERIOD ofENDING ~~Contents~~31 December 2006 RECEIVABLES TRUST SERIES 05-4

EXHIBIT C SCHEDULE TO EXHIBIT B MONTHLY SERVICER’S REPORT


1.	The aggregate amount of the Investor Percentage of Principal Collections			£	105,887,499.61

2.	The aggregate amount of the Investor Percentage of Finance Charge Collections			£	6,504,155.26

3.	The aggregate amount of the Investor Percentage of Annual Fees			£	1,552,433.91

4.	The aggregate amount of the Investor Percentage of Acquired Interchange			£	869,879.06

5.	The aggregate amount of funds credited to the Finance Charge Collections Ledger allocable to Series 05-4			£	8,926,468.24

6.	The aggregate amount of funds credited to the Principal Collections Ledger allocable to Series 05-4			£	105,887,499.61

7.	The aggregate amount of funds credited to the Principal Collections Ledger calculated as Investor Cash Available for Acquisition for Series 05-4 during the preceding Monthly Period in accordance with Clauses 5.06(a) and 5.06(b)			£	95,298,749.98

8.	The aggregate amount to be withdrawn from the Finance Charge Collections Ledger and paid to the spread Account pursuant to Clause 5.15 (f)			£	0.00

9.	The excess, if any, of the Required Spread Amount over the Available Spread Amount			£	0.00

10.	The aggregate amount to be withdrawn from the Spread Account and paid on behalf of Series 05-4 in accordance with Clause 5.19(b)(iv)(A)			£	0.00

11.	The Available Spread Amount on the Transfer Date of the current calendar month, after giving effect to the deposits and withdrawals specified above, is equal to			£	0.00

12.	The amount of interest payable in respect of Related Debt by the Series 05-4 Investor Beneficiary and for the purposes of calculation treated as referable to:
	(i) Class A	£	2,420,355.36	$	6,432,000.00

	(ii) Class B	£	138,063.64	$	366,000.00

	(iii) Class C	£	142,238.71	$	375,713.67

13.	The amount of principal payable in respect of Related Debt by ther Series 05-4 Investor Beneficiary and for the purposes of calculation treated as referable to:
	(i) Class A	£	0.00	$	0.00

	(ii) Class B	£	0.00	$	0.00

	(iii) Class C	£	0.00	$	0.00

14.	The sum all amounts payable in respect of Related Debt by ther Series 05-4 Investor Beneficiary and for the purposes of calculation treated as referable to:
	(i) Class A	£	2,420,355.36	$	6,432,000.00

	(ii) Class B	£	138,063.64	$	366,000.00

	(iii) Class C	£	142,238.71	$	375,713.67

15.	To the knowledge of the undersigned, no Series Pay Out Event or Trust Pay Out Event has occurred except as described below:
	None

~~MONTHLY~~IN WITNESS ~~PERIOD~~WHEREOF, ~~ENDING~~the 31undersigned ~~May 2006 RECEIVABLES~~has ~~TRUST~~duly ~~SERIES~~executed ~~05-4~~and delivered this 16 day of January 2007.

1.	The aggregate amount of the Investor Percentage of Principal Collections			£120,907,915.24
2.	The aggregate amount of the Investor Percentage of Finance Charge Collections			£7,039,742.71
3.	The aggregate amount of the Investor Percentage of Annual Fees			£2,423,552.03
4.	The aggregate amount of the Investor Percentage of Acquired Interchange			£855,241.47
5.	The aggregate amount of funds credited to the Finance Charge Collections Ledger allocable to Series 05-4			£10,318,536.21
6.	The aggregate amount of funds credited to the Principal Collections Ledger allocable to Series 05-4			£120,907,915.24
7.	The aggregate amount of funds credited to the Principal Collections Ledger calculated as Investor Cash Available for Acquisition for Series 05-4 during the preceding Monthly Period in accordance with Clauses 5.06(a) and 5.06(b)			£108,817,123.93
8.	The aggregate amount to be withdrawn from the Finance Charge Collections Ledger and paid to the spread Account pursuant to Clause 5.15 (f)			£0.00
9.	The excess, if any, of the Required Spread Amount over the Available Spread Amount			£0.00
10.	The aggregate amount to be withdrawn from the Spread Account and paid on behalf of Series 05-4 in accordance with Clause 5.19(b)(iv)(A)			£0.00
11.	The Available Spread Amount on the Transfer Date of the current calendar month, after giving effect to the deposits and withdrawals specified above, is equal to			£0.00
12.	The amount of interest payable in respect of Related Debt by the Series 05-4 Investor Beneficiary and for the purposes of calculation treated as referable to:
	(i)	Class A	£2,114,146.20	$5,917,857.38
	(ii)	Class B	£120,939.54	$337,165.69
	(iii)	Class C	£124,984.13	$346,434.58
13.	The amount of principal payable in respect of Related Debt by the Series 05-4 Investor Beneficiary and for the purposes of calculation treated as referable to:
	(i)	Class A	£0.00	$0.00
	(ii)	Class B	£0.00	$0.00
	(iii)	Class C	£0.00	$0.00
14.	The sum all amounts payable in respect of Related Debt by the Series 05-4 Investor Beneficiary and for the purposes of calculation treated as referable to:
	(i)	Class A	£2,114,146.20	$5,917,857.38
	(ii)	Class B	£120,939.54	$337,165.69
	(iii)	Class C	£124,984.13	$346,434.58
15.	To the knowledge of the undersigned, no Series Pay Out Event or Trust Pay Out Event has occurred except as described below:
	None


	BARCLAYS BANK PLC,
	By:
	Name:		John Llewellyn-Jones
	Title:		Barclaycard Financial Controller

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this 15 day of June 2006.

BARCLAYS BANK PLC, By: Name: John Llewellyn-Jones Title: Barclaycard Financial Controller

Filing Compare · Gracechurch Card Funding (No. 11) plc