The GACF was set up in November 2003 in order to administer the money still left in the Millennium Fund. A constitution was agreed, and the following objectives defined: - To stimulate and support activities, events and projects within the Gladestry Community Council area. - To aim to use the fund as a sort of seed capital for projects, whereby if a profit is made, some reimbursement is requested, but is not a requirement.

Since its inception the fund has given financial support to :

• A very successful production of Alice Through The Looking Glass
• The setting up of the Gladestry Acorns Playgroup
• The purchase of tables and chairs for the Village Hall
• A film-making project for the Gladestry Youth Club
• The purchase of a marquee for the Village Hall
• The staging of an al fresco performance of "A Midsummer Night's Dream"at The Foyce.
• A loan towards the funding of a PhotoVoltaic array for the Village Hall
• Scaffolding to enable restoration of the school bell

The fund is administered by a small committee; its members are keen to deploy the money creatively. The Officers are:- John Milsom Chairman – : gladassoc@btinternet.com Bob Terry Treasurer : rsterry@btinternet.com John Cook Secretary : jdfcook@btinternet.com plus four representative members.

If anybody in the community has a project, which they may feel suitable for funding, they are invited to apply to one of the above officers. ​