Registered Number:05912761
England and Wales

OpenStreetMap Foundation Ltd
Report of the Directors and Unaudited Financial Statements
For the year ended 31 December 2017

OpenStreetMap Foundation Ltd
Contents Page
For the year ended 31 December 2017

Company Information

1

Directors' Report2

Independent Accountants' Report3

Income Statement

4Statement of Financial Position

5

Notes to the Financial Statements

6 to 7

Trading and Profit and Loss Account8 to 9

OpenStreetMap Foundation Ltd
Company Information
For the year ended 31 December 2017

DirectorsFrederik Ramm
Kate Chapman
Paul Norman
Ilya Zverev (Resigned on 9 December 2017)
Mikel MaronMartijn van ExelPeter Barth
Heather Leson (appointed on 9 December 2017)

Registered Number

05912761

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

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OpenStreetMap Foundation Ltd
Directors' Report
For the year ended 31 December 2017
The directors present their report and accounts for the year ended 31 December 2017.
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 year were as follows:
Frederik Ramm
Kate Chapman
Paul Norman
Ilya Zverev (Resigned on 9 December 2017)
Mikel Maron
Martijn van ExelPeter BarthHeather Leson (appointed on 9 December 2017)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

Frederik RammDirector
Date:

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OpenStreetMap Foundation Ltd
Independent Accountants' Report
For the year ended 31 December 2017

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements
for the year ended 31 December 2017 and you consider that the company is exempt from an audit under theCompanies Act 2006. In accordance with your instructions, we have compiled these unaudited financial statements inorder to assist you to fulfil your statutory responsibilities, from the accounting records and information andexplanations supplied to us.

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

3 of 9

OpenStreetMap Foundation Ltd
Income Statement
For the year ended 31 December 2017
2017
£

2016

Turnover185,395£
217,450

Cost of sales(44,365)(71,986)

Gross profit

141,030

145,464

(255)

150

(68,718)(87,906)(68,973)(87,756)

59

39

Operating profit

72,11657,747

Interest payable and similar charges(2,685)(4,475)

Profit before taxation

69,431

53,272

Taxation(2,577)(3,848)

Profit for the financial year

66,85449,424

Distribution costs
Administrative expenses

Other operating income

4 of 9Registered Number :05912761

2017
£

2016
£

53,82542,80053,82542,80010,284
226,478

26,616
166,439

236,762

193,055(3,279)(15,401)

Net current assets

233,483

177,654

Total assets less current liabilities

287,308

220,454

Net assets

287,308

220,454

Capital and reserves
Retained earnings

287,308

220,454

Members' Funds

287,308220,454

OpenStreetMap Foundation Ltd
Statement of Financial Position
As at 31 December 2017
Notes

Fixed assets
Property, plant and equipment

2

Current assets

Trade and other receivables
Cash and cash equivalents

3

Trade and other payables: amounts falling due within oneyear

4

For the year ended 31 December 2017 the company was entitled to exemption from audit under Section 477 of theCompanies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31
December 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of theCompanies Act 2006 andb) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end ofeach financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006
relating to small companies.
These financial statements were approved and authorised for issue by the Board on
and were signed by:Frederik Ramm
Director

The notes form part of these financial statements
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OpenStreetMap Foundation Ltd
Notes to the Financial Statements
For the year ended 31 December 2017

Statutory Information

OpenStreetMap Foundation Ltd is a private limited company, limited by guarantee, domiciled in England and Wales,
registration number 05912761.
Registered address:
132 Maney Hill Road
Sutton Coldfield
West Midlands
United Kingdom
B72 1JUThe presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and theCompanies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax andtrade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision forimpairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less theirestimated residual value, over their expected useful lives on the following basis:
Computer equipment
25 Straight line
Foreign currencies
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.

2. Property, plant and equipment
Computerequipment

Cost orvaluation
At 01 January 2017

£164,778

Additions40,108At 31 December 2017

204,886

Provision for depreciation and impairment

At 01 January 2017

121,978

Charge for year

29,083

At 31 December 2017

151,061

Net book value

At 31 December 201753,825

At 31 December 201642,800

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OpenStreetMap Foundation Ltd
Notes to the Financial Statements Continued
For the year ended 31 December 2017
3. Trade and other receivables
2017

2016

£

£

Trade debtors

7,793

14,295

Other debtors

2,491

12,321

10,284

26,616

2017

2016

£

£

(48)

4,851

2,577

3,848

750

6,702

3,279

15,401

4. Trade and other payables: amounts falling due within one year

Trade creditors
Taxation and social security
Other creditors

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OpenStreetMap Foundation Ltd
Trading and Profit and Loss AccountFor the year ended 31 December 2017

2017

2016

£

£

28,668

8,9751182

20,37935,30628-

Conference sponsorship

37,312

58,238

Donations - Server

18,912

77,094

Membership - Corporate

66,712

29,557

Membership - Individual

13,373

8,198

185,395

217,450

TurnoverDonations
Miscellaneous Income
Conference Registrations
Merchandising and Commissions

Cost of Sales

Scholarship Costs

25,048-

Conference Costs

19,317

71,986Gross Profit(44,365)(71,986)

141,030

145,464

Selling and Distribution Costs

Profit/Loss on Sale (Tangible FA)
Awards-(150)

255

(255)

150

Administrative Expenses

Travel and Accomodation

4,621

Bad Debts Written Off (specific)

2,695

1,000

Exchange Rate Losses/Gains(3,659)(5,333)

Depreciation Charge: Computer Equipment

29,08347,905

Write off of Obsolete Computer equipment

-269

3,224

Accountancy fees

4,208

4,395

Legal fees

4,265

13,820Administrative Fees

8,240

3,860

Professional fees

735-

Insurance

5,784

5,630

Website costs

11,50011,604-1,403

8194(35)

35

1,200

-

Telephone, Fax & Internet
Printing, Stationery and Postage
Sundry Expenses
DonationsOperating Profit(68,718)(87,906)

72,05757,708Other Operating Income

Exchange Rate Gains

59

3959

Interest Payable & Similar Charges

8 of 9This page does not form part of the statutory financial statements

39

OpenStreetMap Foundation Ltd
Trading and Profit and Loss Account Continued
For the year ended 31 December 2017
Bank Charges & Interest

2,685

Profit on Ordinary Activities before Taxation

4,475(2,685)(4,475)69,431

53,272

Taxation

UK Corporation Tax

2,577

Profit for the Financial Year

3,848
(2,577)(3,848)66,85449,4249 of 9This page does not form part of the statutory financial statements