O sign.com Document ID= 5420e8fcal- Page 116 The Deflog Foundation Trustees, Annual Report for the year ended 31 December 2025 Charity number 1190840
O sign.com Document ID= 5420e8fcal- Page 216 Trustees, Annual Report for The Deflog Foundation Charity number 1190840 Year ended 31 December 2025 Reference and information Trustees E P Downey G E Clark C Wright J M Wells Lawyers Wilkin Chapman Rollits LLP Citadel House 58 High Street Hull, HUI IQE Investment Managers Quilter Cheviot 2nd Floor Toronto Square Leeds, LSI 2HJ Report of the Trustees This is the fifth annual report of The Deflog Foundation which was registered with the Charity Commission on 13 August 2020. The Deflog Foundation is a grant making charity serving qua lifyi ng causes, as defined in the governing documents, in the East Ridi ng and Hull areas. There are four Trustees, all of whom served throughout the period. At 31 December 2025 the Foundation had assets of £226,97812024: £239,622). This is the remaining balance of an endowment from Deflog VQ Trust. The Trustees do not expect to receive any further funds from this or any other source. Financial review The Statement of Financial Affairs is shown on page 3. The charity made cha ritsble donations and incurred running costs during the financial year. No payments were made to Trustees. Investment pollcy and performance Endowed funds have been placed i n medium-low-risk investment funds with Quilter Cheviot, a n accredited financial advisor. A relatively smal l amount of money will be held in a bank account to allow gra nts to be made a nd expenses paid. Funds will be drawn from investments as necessary. At 31 December 2025 the funds held with Quilter Cheviot were val ued at £225,41212024: £222,598). Grant awards The Trustees plan to continue to seek a nd to identify deserving ca uses to which grants will be made. At 31 December 2025 grants had been made to five organisations, with others being identified for 2026.
O sign.com Document ID= 5420e8fcal- Page 316 The Deflog Foundation Year ended 31 December 2025 Trustees, responsibilities in relation to the financial statements The Trustees are responsible for prepa ring the Trustees, Report and the financial statements in accordance with the applicable law and United Kingdom Accounting Standards. The law applicable to charities i n England and Wales require5 the Trustees to prepare financial statements for each fi nancial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Cha rity for that period. In prepa ri ng the fi na ncia I statements, the Trustees are requi red to.. Select suitable accounting policies and the a pply them consistentlv Observe the methods and principles of the Charities SORP Make judgements and estimates that are reasonable and prudent State whether a pplicable accounting standards have been followed, subject to a ny departures disclosed a nd explained in the financial statements, and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue to operate The Trustees a re responsible for keeping accounting records which disclose with reasonable accuracy the f inancial position of the Charity and enable them to ascertain to ensure that the financial statements comply with the Cha rities Act 1993, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsi ble for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other i rregularities. The Trustees are responsible for the maintenance and integrity of the Charity and financial information included on the Charity Commission's website. Approved by the trustees on 29 January 2026 and signed on its behalf by: E P Downey Chair of Trustees
O sign.com Document ID= 5420e8fcal- Page 416 The Deflog Foundation Annual Financial Statements Year ended 31 December 2025 Statement of Financial Activities 31-Dec-25 31-Dec-24 Incoming resources Change in value of investments 19,146 23,002 Resources expended Governance Costs Support to organisations -6,015 -29,442 -6,573 -60,802 Net use of resources -16,311 -44,373 Balance sheets 31-Dec-25 31-Dec-24 Current assets Investments Quilter Cash at bank 225,412 1,566 222,598 17,024 226,978 239,622 The funds of the charity Endowment funds 226,978 239,622 Approved by the trustees on 29 January 2026 and signed on its behalf by: E P Downey Chair of Trustees
O sign.com Document ID= 5420e8fcal- Page 516 The Deflog Foundation Year ended 31 December 2025 Notes to the accounts Accounting policies Basis of preparation The financial statements have been prepared under the historic cost convention with the exception that investments are incl uded at market value. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities ISORP 20051 issued in March 2005 and applicable UK Accounting Standards and the Charities Act 1993. Incoming resources All incoming resources are recognised once the charity has received the money. Resources expended Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals ba515. Grants paya ble are payments made to third pa rties i n the furtherance of the charitable objects of the Foundation. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a gra nt and the trustees have agreed to pay the grant without condition. Governance costs Governance costs are the normal costs of runni ng the charity and all professional fees. Fixed asset investments Investments are stated at market value as at the bala nce sheet date. The statement of fi nancia l activities includes net ga ins a nd losses a rising on revaluation and disposals throughout the year. All investments are held via Quilter Cheviot. Cash at bank Cash at bank is held with Natwest. End of report and accounts
O sign.com Document ID= 5420e8fcal- Page 616 Independent examiner's report on the accounts THE DEFLOG FOUNDATION Charity number 1190840 I report to the trustees on my examination of the accounts of the above charity I'the Trusy'l for the year ended 31 December 2025 set out on page 3. Responsibillties and basls of report As the charity's trustees, you a re responsible for the prepa ration of the accounts in accorda nce with the requirements of the Cha rities Act 20111.the Act"). I report in respect of my exa mi nation of the Trust's accounts carried out under section 145 of the 2011 Act and in carryi ng out my examination, I have followed all the applica ble Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any materia I respect.. the accounting records were not kept in accordance with section 130 of the Charities Act,. or the accounts did not accord with the accounting records,. or the accounts did not comply with the applica ble requirements concerning the form and content of accounts set out in the Charities IAccounts and Reports) Regulations 2008 other than a ny requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. kicAard erogto Richa rd Croston ACA Manor Cottage South Newbald York Y043 4SU Date