Conjpllny RegistratlDn Iyo. SC018266
THE COCHIL&NE FOEFNDATION
( A. Compan J limited by Guarantee )
(Charlty Number SC014124)
DIREcfoRSI REPORT AND FINANCIAL STATEIWIEiYrs
FOR THE YEAR ENDED 31 DECEMBER 2025

THE COCHRANE FOUNDATION ( A Companv limited by Guarantee )
CONTEl+4TS
PAGE
Le¥al and Adininis'tratiye Infonnation
R¢port of the Dirttetors
Report of ihe Independenc Exaininer
Statement of Finaneial Activities
Balance Shect
Noles tr) the Financial Staternents
8-12

THE COCHIL4NE FOUNDATION ( A Company limited b) Guar4ntee )
LEGAL AND ADMINISTRATIVE INFORMATION
Company Registratioii Number.
S¢018266
Charity Number
SCQ14124
Registered Address
S Croftshaw Road
Alva
Clackmannanshire
FK12 SES
Direcwi's:
M P G Dunsmore
C B C Cochranc
J A Bain (resigned 0410612025)
Dr L J Dawson
R L S Cochraiie
Stcretary..
Mrs E Le¢kie
Bank of Scotland
ILlV¢Stment Manasets:
Rathbone Investinent
Management L
Edinburgh
llldependent Examiner.,
BK Plus
20 Bamton Street
Stirling
FK8 INE
Solicitors
T C Young
Gl&s8OW
Pag¢ I

THE COCHRANE FOUNDATION ( A Companv limited by Guarantee )
REPORT OFTHE DIRECTORS
The Directors presenl their annual report and financial statements for the year ended 31
Deceinbcr 2025. Thc financial statrin¢nts comply with th¢ Ch4ri¢ies and Trustee Investinent
(Scotland) Act 2005, the Charities Ac£ounts Iseotland) Regulations 2006 (as amended), th¢
Companies Act ?006. the Memorandum & Articles of Association, and Arrounting and
Reporting by Chartti¢s: Statement. of Recommended Practice applicable to Chariiies
preparing their annuaL accounts iii accordance witli the Finwicial licporting Standard t-or
Smaller Entitics appltcable in the United Kingdom and Republic of Ireland (FRS 102).
The compari5' ts a charity and. its principal acrivir>' is the provision ot- suppon and relief io
s.el¢cted persons resident In the Burgh of Alva bv 'wa2' of cthntributions and housing
accommodation.
Review of the Year
The Foundation ¢xperien¢ed a reduction in iiicome froin investments ot over. £1 I,000
compared to the previous year, i¥liich ivas offset to An extetic by an uplift in renlal income of
.£6.000.
D￿]ng the year. the Foundation provided outings for the elderly over the sumin¢r rnonths,
and hosted light lullrh¢s and 'sing-along5 in our Social Centre in Aucumn and Winter.
We again provided speeial relief to f2rnilies in need at Christsnas. managing lo support 89
families with 167 children ¥viili financial gifts totalling £13,900. Regrettablv tlie llim
disburs￿ per FaEnily had to be reduced coinpared io the figure of £2? (100 in 2024, due to the
reduotioii in investment income experi¢nced in.thc )¢ar.
'There lliere 166 elderly persons on our Roll of Beneficiaries as.at 31 December 2025 who
received a small financial payment at Christmas. This was a reduction from 179 the previous
Wc again provided regularfinancial donations during.the yw to Alva Parish Church to help
their food larder activity supporting tliose irn need iii the communits,. The Foundaiion also
maintained its support to Ochil yO￿h Community Improvem¢nts ii.'irh a donation tO￿,ardS its
work helping )'oung vulnerable. )iouihs to feel safe through th¢ delii'cry of a fun, food and
friendship programme
As Lenancies become v￿ant. the Foundation continueg to address the.refurbishment ol ils
housing stock. Awoidingly.. a further property was upgraded at a cost of £25,000 during
Future Stratsgy
'The Company plllns to continue actiVIt.ieÈ in the same w&y as outlined above in the
forthcoming years subject to availabl¢ income.
The Direclors havt agreed to cotnmerice a door replacementprograrnme in our housing estate
in 2026.
FinRDcial Results.for the Ytar
Th¢re was a net incoming resource in the year amounting to £7,905. Aficr accounting for
investment activities, both (ralised gains from sales of inveitments and unrealised loss¢s on
investtnent revaluation. there ivtts a net increase in funds of £l22,992 which is attribui8ble to
Un￿Stricted fvnd rc&erve3.
Page 2

THE COCHRAPIE FOtryDATION { A Company limited by Guaranlee )
REPORT OF THE DJRECTORS (Continued)
Reserves.Poli¢y
The directors Consider that the chanty has adequate res¢rves'to.concinue thc Gurrent artivititrs
and to cover unplanned emergenc>. property repairs and other.charitable ¢xpenditurc.
Investment PDIicy
The directors have Considered the most appropriate policy for investing.fiinds and, with the
8SSiStance of professional expertise, are ofthe opiniottthat tlie charity's inv¥stment portfolio
objectives meet the balanced requiremenig of generating both income and capital growlh.
Risk Rth'iew
The directors have conducted their oivn revieiv of thc major risks to which tlie charit), is
exposed and systems have been establishcd to mitigate'those risks. There are considered to
be no Significant external risks to funding. Intemal risks are minimi5ed by the
implementation of procedures for authorisation of all transactrons and projects supported.
These procedures are periodically reviewed to engiire that they still meet the need5 of the
c.harity.
Iwlethod of appointment of Directors
DA￿torS are appointcd bv ordinaiy resolution a1 the Annual General M¢eting.
The Directors in offi¢e during thc.year and since the )'ear"end are:.
M P G Diinsmore
{Chaimi8TL}
C B C Cochrane
J A Bain (resi8ned 0410612025)
Dr L J Dawson
R L S Cochrane
Statement of Director5 Respollsibilitits
Compaiiy law rcquires the"Dire¢tors to prepa￿ financ￿ statements for each financial year
which give a twe and fair ot the statc of the affairs of the charitable compan). as at the
balance shee¢ date and of its incoming resources and application of resources irLcluding
in¢ome and expenditure: for the financial >ear. In preparing those financial statements, the
DIre¢tor& Éhould follow beEt p.rAetice ond..
select suitabl¢ accounting poliGL¢S and then apply them ¢onsist¢ntly?
observe th¢ Methods and principlex in.the CharÉties SORP.
Inake judgcm¢nts and estimates thai ar¢ reasonabl¢ and prudent;
5tatc wh¢ther applicable UK Accounting Standards have been followed, subject to
any material departures dis¢losed and explained in the financial statemenlg
prepare thc 5tatemciits on a going ¢onc¢m basis unle5& it is in4)propriats t4)
presuitte tliat the Company Nvill continuc in business.
The Directors are responsible for mainta.ining propcr accounting records which dÉsc105e with
reasonable accvracy at &ny timethe fin&ncial position of the.charitable company and to enable
thcrn to eDsur¢ the financial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the charitable Company and hence for taking
reasonable Steps for the prevention and detection of fraud and other irretsularities.
Page 3

THE COCHRANE FOUNDATION ( A Company limited by Guarantee )
REPORT OF T￿4 DIRECTORS (Continued)
This re￿rt has been prepared in 2cwrdance with the Statement of Recommcnd¢d Practice-
Accounting and Reporting by Ch'arkties and in accordance Nvith'the small company's.regime
of the Companies Act 20.06.
BYORDER OF THE BOARD
Mrs E Leckie
Secretary
19 Ma), 2026
Page 4

THE COCHRANE FOUNDATION ( A Company limited by Guarantee )
tNDEPETr4DENT EXAMINER'S REPORT
I r¢port on the accounts of the chalily for the pert<)d ended 31 December ?025 ￿,hICh are set
out on pages 5 10 1.1.
Respective responsibilities of Trustees and examiner
The charity'5 Trustees (who are also the directors ol thc Company for the purEx)ses of
.Company Law) are responsible for tlie pirparation of the.accounts in accordahce with tli¢
tern￿ of the Charities and Tru5te¢ Inv¢stinent (Scotland) Act 2005 and the ch￿.￿lIeS
ALcounts (Scotland) Regulations 2006. The charity Trust¢es ronsider that the.audit
.requir¢ment of Regulation 10(1) (d) of the Accounts Reuulations does not apply. It is my
responsibilitv to examine the financial statemenls as. required under scction 44(1) (c) of the
Act and to stale whether particular malters have come to my attention.
Basi5 ofindepelldént examiner's statement
My examination is carrie.d out in accordance with Rcgulation I l of the Charities Accounts
(Scotland) Regulalioiis 2006. An examination includ¢s a review of tlie accounting r¢eords
kept by the charity and a comparison of the finanLial statements prtsented in thostt record5.
It also includes oonsideration of any unusual itetns or disclosures in ihe finaneial statements
and seeks explanations from the trustees concerninD any. such matters. The procedures
undertaken do not provide all the evidence that would bc requir¢d in an audit And,
consequently I do llo¢ ¢xpress an audit opinion on thE financial statemenis.
Independent èxaminer's staternenÉ
In the course of my exainination, no matter has cometo my attention
which gives me reasonable c&us¢ to believe that in any material respect the
requityments".
to keep'.a¢¢ouriting TWQLd5 in accL)rdan¢e'with" Section 44{1) (a) of the 2005
Act and Regulation 4 of the 2006 Accounts Regulations and
to prepare financial st&t¢inents which acwrd with the accounting records and
comply with Regulation 9 of the 2006 Accounts Regulations
hAViJ not been Lllot. or
2. to which, in iny. opinion: altention should b¢ drawn in order to enable a proper
understwtding of the financial statemenls to be reach¢d.
I do not, in'giving this tEPOrt acc¢pt or assume responsibilily for ￿Y Dther puip()se or to any
oth¢r pcrson to whom this. report is shown or tn whose Iiands it may come: save where
expressly a'greed by mv prior consent in. writing.
Robert Taylor CA
BKPIUS
20 Barnton Street
stirling
FK8 l£yÉ
19 May 2026

THE COCHIL4NE FOUNDATION ( A Companv limited by GuarAntee )
.STATEMEI¥4T OF FINANCIAL ACTIVITIES
(including Incotne & Expenditure Ac£ount)
FOR THE YEAR ENDED 31 DECEMBER 2025
2025
In¢omlThg Resourees- Unrestrleled Funds
Investtnent income
54.869
Property incorne
100.697
94.544
Other incom2- Insurance Claim
Total incoming r¢50urces
?23.6•9
160.691
Resources Expended
'Relief and Maintenance of BeneFILiaries
JO.402
Property & Ground Costs
118,169
Administr2tion Expenses
66.213
Community Projects
4,700
5,520
Total resources expended
215.724
160,396
NÈt incoming resources
lllvestmellt Adivities
Gain/(Loss) on Sale of Investments
7.905
295
315,036
{87,346}
GainllLossl on REv8luffttion.Df Investmentg
(l99.949)
100.26J
Net. movement in funds
122,992
Tolal funds at l JAnuRry 2025
3.047,238 3,034,026
Total funds at 31 December 2025
3.170,230 3.047.238
The accountino policies and atlach¢d notes form part of these"finaneial statements.

THE COCHRANE FOUNDATION ( A Company limited by Guarantee }
BALANCE SHEET
AS AT 31 DECEMBER 2025
2025
2024
Note
Tangible Fixed Assets
1,309,564 1,279,508
Investments
1,836,608 1,744.412
Current Assets
Debtors
Bank Balances
2,121
32.052
2,028
26,577
34.173
28,605
Creditors falling due within one year
10 (10,115)
(5,287)
N¢t Current Assets
24.058
23,318
Total Assets
3.170,230 3,047.238
Represented by
Unrestricted Funds
General fund5
3,170,230 3,047,238
For the year ending 31 December 2025 the company wa5 entitled to exemption from audit
under S¢ction 477 of the Companies Aet 2006 relating to small charitable Companies.
Dirertor5' ruponsibllities..
the members have not required the cornpany to obtalD an audit of its accounts for ihe year
in accordance with Section 476.
the directors acknowledge their r¢S￿nsibl]it1eS for complying with the requirements of
the Act in respect to accounting records and ihe preparation of accounts in compliance
with Section 386 of the Act
these a￿OuntS have been delivered in accordance with the provisions applicable to
compani¢s subject to the small companies, regime of the Companies Aci 2006
The financial statements We￿ approved by the Board of Directors on 19 May 2026 and were
signed on its behalf by:_
M P G Dunsmo
C B C Cochrane...........
.Dirccior
Page 7

THE COCMRAIYE FOUNDATION ( A Companv limited by Gu2r2hiee )
NOTES TO THE FINANCL4L STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
l. Actollntlng Policies
Basis Df preparation and assessment of going ¢on¢ern
The financ.ial statements have been prepared under the histL)Lical cost coni'eiilion with ikins
reco￿lSed. at cost or transaction value Linless otherwise stated in the relevant notes to Ihe5e
arcounts. Th¢ financial statements have been prepared in acoordance with the Siatemernt of
Recommended Practice: Accouniirig and Reporting b}, Charities preparing their accounts in
ordance with the Financial Reporting Standard applicable in the UK and RepLLblic of
Ireland (FRS 102) issued on 16 Jul> ?Ql 4 and Financial Reporting Standard appli¢abl¢ in the
United Klligdom and Republi¢ of Ireland IFRS 102) and The Charities Accounts (ScotlELnd)
Regulations 2006.
The charity meets the definition of a publi¢ benefit enÉit>' uriderFRS 102.
The trustees consider that th¢rc ￿.e no niaterial vnoertaiiitie5 abolit the Charity's ability to
continue a5 a going concern.
Fund aceounÉing
General funds aye unrestricted funds i¥,hich are available lor Llse at the discretion nf fhe
Trustees in ￿rth¢rance of the general objectives. of the ohatrily and which have noL bccn
designated for other purposes.
Intoming resources
Income fiom investments and property rents are included Nvhen thei, are re￿1Vable.
Expendllur¢
Expenditure is T￿ognIsed once there is a legal or Co￿StruCtI11C obligation to traiisfer
eoonomic benefjt to a third party.
Regourees expertdèd include VAT which cannc)t be recovered.
Tangible fixed asset5
Depreciation is calculated so &sto iTrrite off the c()st ogtangible fixed assets less th¢ eslirnat
rcsidual value over the expected us¢ful economic lives of the assets conccrned. Th¢ principal
inual ra*S used for this purwse arc:
Fixture and Fittings
c.omputer EquiprrLeFJt
20•/o
Straight Line
The directors are 0¢ the opinion that at present iio dcprcciation charge should be made on
Heritabl¢ Propcrties. in view of th¢ Foundotion's poli¢y to adequately maintain their
properties. thereby ensuring that no phvsieal d¢t¢rioration o¢curs.

THE COCHRANE FOUNDATION ( A Company limited by Guarantse )
NOTES TO THE FINANCIAL STATEMENTS (ContinuEd)
FOR THE YEAR ENDED 31 DECEMBER 2025
Accounting policie5 (continued)
Directors, remuneratioll
In accordance with tli¢ Articles ot"Asso¥iAtion no emolbments We￿ paid io the Directors.
Jnvestment5
lllvesÉments are held as fix¢d assets and arc revalued atrnid-markel value at the balance sheet
date and the gain or loss tskell (o the Stateinent of Finaririal Activiti¢s.
Rellef and Maintenance of Beneficiaries
202)
2024
Chri5tsna5 Gifts
Outings and Functions
Special Case Relief
3.390
4,094
I4.04L
4.130
21.5?5
30.402
2024
The Cochranes, Alva
Wages, NI Rnd Pension
H¢ating and Lighting
Repair5 and Maintenance
Refurbish(n¢nt Costs due to Fire Damag¢
Garden Upkeep and Tools
Insui'ances
tigeellsneous
DepreLiation
Equipment ti
Non Dom¢stic Rates
3,494
3,523
68.177
4.54)
9.059
3,969
8.478
2.068
337
907
297
906
118.169
Page 9

THE COCHRANE FOUNDATION { A Cgmpany limited by Guarantse )
NOTES TO THE FINANCIAL STATEMENTS {Contlnued)
FOR THE YEARENDED 31 DECEMBER 2025
2025
2024
Administration Expense5
Sa12ries. Nl And Pension
43.619
2.4QO
9.018
Accoutktant's F¢¢.
lttvestment Services
Legal &.Professiohal Fets
Heating, Lighting and Cleaning
Mis¢ellancous
Depreciatton
Equipmenr eic
Repairs and Renewals
Telephon¢
Compui¢r support & servi¢e ch&'ge
Profcssional Subscriptions
Non Dornestic Rafrs- OITiee & Social Centre
Other
821
965
458
761
488
3.378
1,012
1.068
609
196
378
2.580
184
376
71.330
Stsff costs and numbers
Staff costs were as follow5
202)
2024
Wag¢s & Salarie5
53.411
53,411
Th¢ averagc number of employees diiring the y6ar. is 3'(2024- 3).
Pa£e 10

THE COCKRANE FOUNDATION ( A Company limit¢d by Guarantee )
NOTES TO TIIE FINANCIAL STATEMEyfs (Conlittlled)
FOR THE YEI AR ENDED 31 DECEMBER 2025
Tayatton
The charitable company is exempt from corporarion taK on its incoine and gains falling
within Section 505 ot the Income Taxes Act 1988 or Stction 252 of the Taxation of
Chargeable Gpins Acl 1997 to the cxtcnl that these are applied to it s cliaritable
objectives.
Tangible Fixed Assets
Heritable
Property
Plant&
Equipm¢nt
Cost
At l January 2025
Additions
l.3 l2.454
30,811
1.382,81,8
30,811
At 31 Dec¢inber 2025
1,343265
70,364
1.413.6?9
Aggregate Depreciation
At l JanI￿ry 2025
Charge for tb¢ y¢&r
103.310
755
755
At 31 December 2025
104,06)
Net Book Value
At 31 December 2025
1,305,691
3.873
1,309.564
Net Book Value
At 31 D¢c¢mber 2024
l274,880
4,628
1,27.9 508
IllYe8lments
202)
arket Value at 31 December 2025
I.836.608 1.744,412
Historical Cost of Jnvestments
at 31 Deceinber 2025
1,445.468 1.152.178
Page 11

COCHRANE FOUNDATION ( A Company limited bv Guarantee )
NOTES TO THE Vlt¢4ANCJAL STATEMENTS (ContKnued)
FOR THE YEAR ENDED 31 DECEMBER 2025
Debtors
2025
2024
Debtors and prepaid char.ges
2.028
10. Creditors falling due within one year
2025
Other creditors a￿d accruals
5.287
11. Legal Status of the Comp*nY
The Coehrnne FoundatiL)ki is a coinpanj limited by guarantee and has iio share capital.
The liability of eaeh direoÈor. a5 a Member. in the event of wiiiding up is limited to £1",
12. Rèlated Party Transactions
During the y¢ar pajments totalling£O (2024- £723J) Iver¢ it)ade to Mr R Coclirane in
respect of electrical work carried out. Mr R Cochr&n¢ was appointed director oii"th¢
20 June2024.
Page 12