Registered Number:05912761
England and Wales

OpenStreetMap Foundation Ltd
Report of the Directors and Unaudited Financial Statements
For the period ended 31 December 2014

OpenStreetMap Foundation Ltd
Contents Page
For the period ended 31 December 2014

Company Information

1

Directors' Report2

Accountants' Report3

Profit and Loss

4

Balance Sheet

5

Notes to the Financial Statements

6 to 7

Detailed Profit and Loss Account8

OpenStreetMap Foundation Ltd
Company Information
For the period ended 31 December 2014

Directors

Henk Hoff
Oliver Kuehn
Dermot McNallyFrederik Ramm
Kate Chapman (appointed on 7 September 2013)
Paul Norman (appointed on 8 November 2014)
Kathleen L Danielson (appointed on 8 November 2014)
Matt Amos (Resigned on 8 November 2014)
Simon Poole (Resigned on 8 November 2014)

Registered Number05912761

Registered Office

132 Maney Hill Road
Sutton Coldfield
West Midlands
United Kingdom
B72 1JU

Accountants

Accounting for Tax
64 Place Farm Way
Monks RisboroughPrinces RisboroughBucks
HP27 9JY

Bankers

Barclays
LeicesterLE87 2BB

1 of 8

OpenStreetMap Foundation Ltd
Directors' Report
For the period ended 31 December 2014
The directors present their report and accounts for the period ended 31 December 2014.
Principal activities

The principal activity of the company continued to be that of an initiative to create and provide free geographic data,such as street maps, to anyone. The OpenStreetMap Foundation is an international not-for-profit organization
supporting, but not controlling, the OpenStreetMap Project. It is dedicated to encouraging the growth, development
and distribution of free geospatial data and to providing geospatial data for anyone to use and share.
Directors

The directors who served the company throughout the period were as follows:
Henk Hoff
Oliver Kuehn
Dermot McNally
Frederik Ramm
Kate Chapman (appointed on 7 September 2013)
Paul Norman (appointed on 8 November 2014)
Kathleen L Danielson (appointed on 8 November 2014)
Matt Amos (Resigned on 8 November 2014)
Simon Poole (Resigned on 8 November 2014)
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of
the Companies Act 2006.
Signed on behalf of the board of directors

Frederik Ramm
Director
Date approved by the board:

2 of 8OpenStreetMap Foundation Ltd
Accountants' Report
For the period ended 31 December 2014

As described on the balance sheet you are responsible for the preparation of the financial statements for the period
ended 31 December 2014 and you consider that the company is exempt from an audit under the Companies Act2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Accounting for Tax
64 Place Farm Way
Monks RisboroughPrinces RisboroughBucks
HP27 9JY

3 of 8

OpenStreetMap Foundation Ltd
Profit and Loss AccountFor the period ended 31 December 20142014£

2013

Turnover121,434

88,681

Cost of sales(61,488)(4,610)Gross profit

59,946

84,071

Administrative expenses(55,168)(57,249)

Notes£Operating profit

2

4,778

26,822

Interest payable and similar charges

3(1,912)(3,374)

2,866

23,448(1,466)(4,638)1,400

18,810

Profit on ordinary activities before taxation

Tax on profit on ordinary activities

4Profit for the financial period

4 of 8

Registered Number :05912761

OpenStreetMap Foundation Ltd
Balance Sheet
As at 31 December 2014
RestatedNotes2014
£

2013
£

564,965

71,33564,96571,335

8,172
68,3862,142
86,37576,55888,517(8,700)(22,134)

Net current assets

67,85866,383

Total assets less current liabilities

132,823

137,718

Net assets

132,823

137,718

132,823

137,718

132,823

137,718

Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand

67

Creditors: amounts falling due within one year

Capital and reserves
Profit and loss account9

Members' Funds

For the period ended 31 December 2014 the company was entitled to exemption from audit under section 477 of
the Companies Act 2006 relating to small companies.
Directors responsibilities:
1) The members have not required the company to obtain an audit of its accounts for the period in question inaccordance with section 476;
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect toaccounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to thesmall companies regime.
Signed on behalf of the board of directors

Frederik Ramm
Director
Date approved by the board:

5 of 8OpenStreetMap Foundation Ltd
Notes to the Financial Statements
For the period ended 31 December 2014

1 Accounting Policies
Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial
Reporting Standard for Smaller Entities (effective April 2008).
TurnoverTurnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Taxand trade discounts.
Foreign currency

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchangeruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of thetransaction. All foreign exchange differences are included to the profit and loss account.
Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision
for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, lesstheir estimated residual value, over their expected useful lives on the following basis:
Computer equipment

25 Straight line2014
£

2013
£

Depreciation of tangible fixed assets
Exchange rate (Gains)/Losses

28,782393

24,5784,954

3 Interest payable and similar charges

2014
£

2013
£

Interest payable on bank borrowing

1,912

3,3742014
£

2013
£

1,466

4,638

1,466

4,638

2 Operating profit

The operating profit is stated after charging/(crediting):

4 Tax on profit on ordinary activities

The taxation charge is based on the taxable profit for the period and comprises:
UK taxation
UK corporation tax
Tax on profit on ordinary activities

6 of 8

OpenStreetMap Foundation LtdNotes to the Financial Statements Continued
For the period ended 31 December 2014

5 Tangible fixed assets

Computerequipment£

Cost or valuation

At 01 September 2013
Additions

133,089
22,412

At 31 December 2014

155,501

Depreciation

At 01 September 2013
Charge for period

61,75428,782

At 31 December 2014

90,536

Net book values

At 31 December 2014

64,965

At 31 August 2013

71,335

6 Debtors: amounts falling due within one year

Prepayments & accrued income
Other debtors

7 Creditors: amounts falling due within one year

Trade creditors
Taxation and social security
Other creditors

2014
£

2013
£

236
7,936

(11,396)
13,538

8,172

2,142

2014
£
2,096
6,104500

2013£
16,996
4,638
500

8,700

22,1348 Company limited by guarantee

The company is limited by guarantee and therefore has no shares
9 Reserves

Profit & loss
account£

Balance at 01 September 2013
Prior year adjustments
Profit for the period
Balance at 31 December 2014

137,718(6,295)1,400
132,823

7 of 8

OpenStreetMap Foundation Ltd
Detailed Profit and Loss AccountFor the period ended 31 December 2014

2014

2013

£

£

34,762

48,494

TurnoverDonations
Miscellaneous Income

3-Membership Income-

8,305

25,71912,804132

113

43,083

14,713

Conference Registrations
Merchandising and Commissions
Conference sponsorship
Conference merchandising15103-

4,149

Membership - Corporate

3,000-

Membership - Individual

14,720-

121,434

88,681

Donations - Server

Cost of Sales

Purchases
Conference Costs-

181

61,4884,429

Gross Profit(61,488)(4,610)59,946

84,071

Administrative Expenses

Travel and Accomodation

826

4,438

Exchange Rate Losses/Gains

393

4,954

Depreciation Charge: Computer Equipment

28,782

24,578

Accountancy fees

6,200

7,316

Legal fees

2,121-

Insurance

3,745

3,740

Website costs

11,65010,955

Telephone, Fax & Internet

1,073

834378302-132

Printing, Stationery and Postage
Sundry Expenses

Operating Profit(55,168)(57,249)

4,778

26,822

Interest Payable & Similar Charges

Bank Charges & Interest

1,912

Profit on Ordinary Activities before Taxation

3,374(1,912)(3,374)

2,866

23,448

Taxation

UK Corporation Tax

1,466

Profit for the Financial Period

4,638(1,466)(4,638)1,400

18,8108 of 8This page does not form part of the statutory financial statements