FREE AND OPEN SOURCE SILICON FOUNDATION C.I.C.

Company limited by guarantee

Company Registration Number:
09848956 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 1 November 2023

End date: 31 October 2024

FREE AND OPEN SOURCE SILICON FOUNDATION C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

FREE AND OPEN SOURCE SILICON FOUNDATION C.I.C.

Directors' report period ended 31 October 2024

The directors present their report with the financial statements of the company for the period ended 31 October 2024

Directors

The directors shown below have held office during the whole of the period from
1 November 2023 to 31 October 2024

A R Black
J P Baxter
O Kindgren
P Wagner
S Wallentowitz
J M Balkind


The director shown below has held office during the period of
27 November 2023 to 31 October 2024

D Petrisko


Secretary S Cook

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 July 2025

And signed on behalf of the board by:
Name: A R Black
Status: Director

FREE AND OPEN SOURCE SILICON FOUNDATION C.I.C.

Balance sheet

As at 31 October 2024

Notes 2024 2023


£

£
Current assets
Debtors: 3 4,937 2,050
Cash at bank and in hand: 32,983 22,879
Total current assets: 37,920 24,929
Creditors: amounts falling due within one year: 4 ( 4,055 ) ( 606 )
Net current assets (liabilities): 33,865 24,323
Total assets less current liabilities: 33,865 24,323
Total net assets (liabilities): 33,865 24,323
Members' funds
Profit and loss account: 33,865 24,323
Total members' funds: 33,865 24,323

The notes form part of these financial statements

FREE AND OPEN SOURCE SILICON FOUNDATION C.I.C.

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 28 July 2025
and signed on behalf of the board by:

Name: A R Black
Status: Director

The notes form part of these financial statements

FREE AND OPEN SOURCE SILICON FOUNDATION C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

    Other accounting policies

    Taxation Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

FREE AND OPEN SOURCE SILICON FOUNDATION C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 6 6

FREE AND OPEN SOURCE SILICON FOUNDATION C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Debtors

2024 2023
£ £
Trade debtors 2,565 266
Other debtors 2,372 1,784
Total 4,937 2,050

FREE AND OPEN SOURCE SILICON FOUNDATION C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,834 56
Taxation and social security 1,621
Accruals and deferred income 600 550
Total 4,055 606

COMMUNITY INTEREST ANNUAL REPORT

FREE AND OPEN SOURCE SILICON FOUNDATION C.I.C.

Company Number: 09848956 (England and Wales)

Year Ending: 31 October 2024

Company activities and impact

Open source community advocacy, event hosting and provision of collaboration services. Participation in Google Summer of Code (GSoC) programme as a mentoring organisation, supporting university student open source contributors over the summer. Production of a monthly newsletter and continuing to grow the readership for this along with the Foundation membership. Hosting of two annual conferences, one in Europe (ORConf) and one in the USA (LatchUp).

Consultation with stakeholders

The interests of the FOSSi community are represented through the Foundation membership and working groups, which are engaged through online mailing lists and teleconferences. Both the membership and working groups are steadily growing and in turn community engagement is increasing.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
28 July 2025

And signed on behalf of the board by:
Name: Andrew Black
Status: Director