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The Deflog Foundation
Trustees, Annual Report for the year ended
31 December 2025
Charity number 1190840

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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.

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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

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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

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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

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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