This board report and financial statement for CoST includes sections on the structure, governance and management of CoST, as well as its administrative details for the year ended 31 December 2014. It is presented by CoST trustees.

The focus on the objectives and activities highlights the principle operational objective of CoST, which is twofold; to improve the value for money of public investment in infrastructure and to improve the quality of public infrastructure and services. It achieves this by promoting the disclosure of information routinely and periodically over the whole infrastructure investment lifecycle. This information, which is disclosed in the CoST Infrastructure Data Standard or IDS format, is designed to inform and empower stakeholders and enable them to hold decision-makers to account.