Registered Number:05912761
England and Wales

OpenStreetMap Foundation Ltd
Report of the Directors and Unaudited Financial Statements
For the year ended 31 August 2013

Draft

OpenStreetMap Foundation Ltd
Contents Page
For the year ended 31 August 2013

Company Information

1

Directors' Report2

Accountants' Report3

Profit and Loss

4

Balance Sheet

Draft

5

Notes to the Financial Statements

6 to 7

Detailed Profit and Loss Account8

OpenStreetMap Foundation Ltd
Company Information
For the year ended 31 August 2013

DirectorsSteve Coast (Resigned on 8 September 2012)
Matt Amos
Richard Fairhurst
Henk Hoff
Oliver Kuehn
Mikel Maron (Resigned on 8 September 2012)
Dermot McNally
Simon Poole (appointed on 8 September 2012)
Frederik Ramm (appointed on 8 September 2012)

Registered Number

05912761

Registered Office

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

Accountants

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

Company Secretary

Henk Hoff

Bankers

Barclays
LeicesterLE87 2BB

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OpenStreetMap Foundation Ltd
Directors' Report
For the year ended 31 August 2013
The directors present their report and accounts for the year ended 31 August 2013.
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, developmentand 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 year were as follows:
Steve Coast (Resigned on 8 September 2012)
Matt AmosRichard Fairhurst
Henk Hoff
Oliver KuehnDraft

Mikel Maron (Resigned on 8 September 2012)
Dermot McNally

Simon Poole (appointed on 8 September 2012)

Frederik Ramm (appointed on 8 September 2012)

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 ofthe Companies Act 2006.
Signed on behalf of the board of directors

Oliver Kuehn
Director
Date approved by the board:

2 of 8

OpenStreetMap Foundation Ltd
Accountants' Report
For the year ended 31 August 2013

As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 August 2013 and you consider that the company is exempt from an audit under the Companies Act
2006.
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

Draft

3 of 8

OpenStreetMap Foundation Ltd
Profit and Loss AccountFor the year ended 31 August 2013
2013
£

2012

Turnover88,681

128,701

Cost of sales(4,610)(50,438)

Gross profit

84,071

78,263Administrative expenses(57,249)(39,750)

Notes£

Operating profit

226,82238,513

Interest payable and similar charges

3(3,374)(1,419)23,44837,094-(4,711)

23,44832,383

Profit on ordinary activities before taxation

4

Tax on profit on ordinary activities
Profit for the financial year

Draft

4 of 8

Registered Number :05912761

2013
£

2012
£

71,33544,804

71,33544,8042,142
86,375(8,869)90,18588,51781,316(17,496)(7,212)

Net current assets

71,021

74,104

Total assets less current liabilities

142,356

118,908

Net assets

142,356

118,908

142,356

118,908

142,356

118,908

OpenStreetMap Foundation Ltd
Balance Sheet
As at 31 August 2013
Notes

Fixed assets
Tangible assets

5Current assets
Debtors
Cash at bank and in hand

67

Creditors: amounts falling due within one year

Capital and reserves
Profit and loss accountMembers' Funds

Draft
9

For the year ended 31 August 2013 the company was entitled to exemption from audit under section 477 of theCompanies 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 year 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

Steve Coast
Director
Date approved by the board:

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OpenStreetMap Foundation Ltd
Notes to the Financial Statements
For the year ended 31 August 2013

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 Tax
and trade discounts.
Foreign currency

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

Draft

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 line

StocksStocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow
moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2013
£

2012
£

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

24,578
4,954

14,935662

3 Interest payable and similar charges

2013
£

2012
£

Interest payable on bank borrowing

3,374

1,419

2013
£

2012
£

-

4,711

-

4,711

2 Operating profit

The operating profit is stated after charging/(crediting):[Enter Note]
4 Tax on profit on ordinary activities

UK taxation
UK corporation taxTax on profit on ordinary activities

6 of 8

OpenStreetMap Foundation Ltd
Notes to the Financial Statements Continued
For the year ended 31 August 2013

5 Tangible fixed assets

Computerequipment£

Cost or valuation

At 01 September 2012

81,980Additions51,109At 31 August 2013

133,089

Depreciation

At 01 September 2012
Charge for year

37,176
24,578At 31 August 2013

61,754

Net book values

At 31 August 2013
At 31 August 2012Draft

6 Debtors: amounts falling due within one year

Prepayments & accrued income
Other debtors

7 Creditors: amounts falling due within one yearTrade creditors
Taxation and social security
Other creditors

71,33544,804
2013
£

2012
£

(11,396)
13,538(23,148)
14,2792,142(8,869)2013£16,996
500

2012
£
1,754
4,708
750

17,496

7,212

8 Company limited by guarantee

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

Profit & lossaccount£118,908
23,448

Balance at 01 September 2012
Profit for the year
Balance at 31 August 2013

142,356

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OpenStreetMap Foundation Ltd
Detailed Profit and Loss AccountFor the year ended 31 August 2013

2013

2012

£

£

48,49460,286-

1,735Membership Income

8,305

3,083

Conference Registrations

12,80418,801113

26

14,71343,856-

213

103

701

4,149-

88,681

128,701

TurnoverDonations
Miscellaneous Income

Merchandising and Commissions
Conference sponsorship
Conference scholarship donations
Conference merchandising
Donations - Server

Cost of Sales

DraftPurchases
Merchandising
Website Costs
Scholarship Costs
Conference Costs

181--

1,933-

12,271-

9,725

4,429

26,509Gross Profit(4,610)(50,438)

84,071

78,263Administrative Expenses

Travel and Accomodation
Bad Debts Written Off (specific)

4,438

5,140-

1,639

Exchange Rate Losses/Gains

4,954

662

Depreciation Charge: Computer Equipment

24,57814,935

Accountancy and Legal

7,316

6,552

Professional Fees
Insurance
Repairs & Renewals-5,7003,740

4,477-

156

10,955-

Telephone, Fax & Internet

834

471

Stationery and Postage

302

18

Sundry Expenses

132-

Website costs(57,249)(39,750)

Interest Payable & Similar Charges

Bank Charges & Interest

3,374

Profit on Ordinary Activities before Taxation

1,419(3,374)(1,419)23,44837,094

Taxation

UK Corporation Tax-Profit for the Financial Year

4,711
-

(4,711)

23,44832,3838 of 8This page does not form part of the statutory financial statements