# **Cornish Pilot Gig Association Trustee Annual Report** _Including Independently Examined Accounts_ **May 2024 - April 2025** ## **Charity Name:** Cornish Pilot Gig Association **Charity Number:** 1166613 **Registered Address:** Cornish Pilot Gig Association, Krowji, Redruth, Cornwall, TR15 3AJ ## **Trustees and Roles** During the period of this report, the following were acting trustees: - Adam Anderson - resigned 19th January 2025 AGM - David Callaghan - joined 8th September 2024 EGM - Peter Chalkley - Norma Edwards - resigned 19th January 2025 AGM - Clair Fennessey - Peter Fisher - Chair - resigned 19th January 2025 AGM - Tony Gore - joined 19th January 2025 AGM - Phoebe Millar - joined 8th September 2024 EGM - Stephen Mullen - joined 19th January 2025 AGM - Tristan Netherton - resigned 19th January 2025 AGM - Ryan Watts - Treasurer ## **Governing Document** The Cornish Pilot Gig Association CIO is governed by the constitution as accepted in 2016. The Cornish Pilot Gig Association did not appoint any trustees through co-opt powers as assigned in the constitution. ## **Structure** The Cornish Pilot Gig Association is a Charitable Incorporated Organisation. ## **Trustees** The trustees understand the responsibilities associated with this position. ## **Charity Purposes** - To promote community participation in healthy recreation, by the provision of facilities for coastal rowing, in particular Cornish Pilot Gigs, for the benefit of the public. - To advance the education of the public in the traditions and heritage of Cornish Pilot Gig rowing and Cornish Pilot Gigs. ## **Charity Activities** We have a number of core principles which inform the way we operate and communicate. They are the basis of our aspirations for the future and our respect for the past. - Our mission is to uphold and enable the specification, heritage and rowing of the Cornish Pilot Gig. - Our vision is the effective governance of a thriving traditional sport by optimising enjoyment, well-being and performance. Page **2** of **17** www.cpga.co.uk The Cornish Pilot Gig Association is a Charitable Incorporated Organisation - Charity No. 1166613 ## **Our values are:** - Authentic – Cornish culture and living traditions find expression in the Cornish Pilot Gig and every aspect of the sport. - Community – Warm and inclusive ethos welcomes one and all. - Professional – Commitment to safety, equity, welfare and rigorous standards. The charity trustees uphold that they have acted in accordance with this aim and the objectives of the organisation in the interest of public benefit. ## **Strategy** ## **Vision/Mission** In 2022 our member clubs adopted the Our Sport - Our Community strategy and we are guided by the values of this document. In this document we report against the key aims of this strategy. ## **Our Vision** The 2022-27 Our Sport - Our Community strategy is designed to deliver a thriving traditional sport which facilitates enjoyment, well-being and performance to individuals of all abilities and ages within our vibrant rowing community. ## **Our Mission** - To help clubs to provide safe and varied rowing opportunities - To enhance the sporting experiences of individuals - To uphold the specification of the Cornish Pilot Gig ## **Aim 1: Develop the CPGA to meet demands of expansion** In 2022 we worked on securing the stability of the CPGA. In 2023, we focused on building the capacity of the organisation. In 2024, we sought to elevate event provision across the sport. In 2025, we reached for further policy development in key fields such as safeguarding, we carried out risk analysis and identified priority areas for action. ## **Trustees in Numbers** At an EGM in September 2024, 2 Trustees joined the Board, taking numbers from 9 to 11. At the 2025 AGM in January 4 Trustees stepped down and 2 joined the Board, taking numbers from 11 to 9. Our organisation has benefitted from drawing representatives from across the regions and their diverse knowledge and experience of Cornish Pilot Gig rowing. Each remaining trustee has focused on a particular area as well as supporting whole sport themes. - Steve Mullen - Racing - Peter Chalkley - Community - Phoebe Millar - Safety - Steve Mullen - Safeguarding - Clair Fennessy - Governance - Phoebe Millar - HR - Ryan Watts - Finance and compliance - Tony Gore - Projects Page **3** of **17** www.cpga.co.uk The Cornish Pilot Gig Association is a Charitable Incorporated Organisation - Charity No. 1166613 ● David Callaghan - Communication ## **Governance** During 2024 and 2025 we have updated rules, policies and other documentation. We also carried our annual reporting responsibilities to the Charity Commission. ## **Staff Team** The staff team capacity was bolstered from late November 2023 by 3 full time project staff as part of our Wave of Events project. During 2024 the project team was reduced to 2 full time this continued throughout the reporting period until the end of March 2025. ## **Our Core Team** - Claire Tripp carried out strategic and operational oversight as our General Manager. - Morwenna Geach maintained our finance systems, coordinated event bookings and supported clubs through the Just Go system, a vital tool for governing bodies to securely manage data. - Anne Curnow Care maintained our data and monitoring systems and supported key areas including safeguarding and safety. ## **Our Project Team** - Nick George coordinated event safety provision, facilitated race official development and supported key areas including club safety. - Jade Colton delivered a marketing campaign to include membership communications, social media activity and live event coverage. - Dylan Jane worked with event hosts and partners to develop and deliver on-water competitions and other shore-based events. ## **Team Training** Staff and trustees training has included areas such as safeguarding and data protection. ## **Aim 2 Support development of existing and new clubs** In 2024 we continued our practice of annual consultation events with clubs to gather feedback and inform developing services for clubs. In 2025 we developed a new website to better support clubs with ready information and guidance. ## **Clubs** Two clubs stepped down from the Association. The membership by the end of this period stood at 88 member clubs. ## **Club Membership** Whilst club membership numbers are a good indication of participation across the sport we are aware that clubs support even wider numbers through non-member engagement with corporate events, specific need groups and project participants. By the end of this period, total club membership stood at 5519. Page **4** of **17** www.cpga.co.uk The Cornish Pilot Gig Association is a Charitable Incorporated Organisation - Charity No. 1166613 ## **Club Communications** For some time we have been producing weekly updates to keep club members up to date with whole sport news and information. Throughout 2024/2025, we have shared important announcements and up-coming dates through this newsletter. ## **Safeguarding** We have continued to help clubs deliver their safeguarding responsibilities through the Disclosure and Barring Service. Monthly safeguarding forums have been facilitated since summer 2024 enabling safeguarding officers and other committee members to extend knowledge, exchange ideas and receive support. ## **Safety** Monthly safety forums have been facilitated since summer 2024 enabling safety officers and other committee members to bring issues and concerns to the group and explore schedule topics to enhance club provision. ## **Fixtures** In 2024/2025 services to member clubs included the collation and provision of a fixture calendar with the addition of new and experimental dates. ## **Club In A Box** Club in a Box has been running since 2017 and continues to benefit new and developing clubs. During 2024/25, the Club in A Box boats and sets of equipment brought benefits to 3 growing clubs enabling them to establish their membership base and extend opportunities for their communities. ## **Aim 3: Improve competition at all levels** In 2024, Wave of Events - our event development initiative provided support and interventions with the aim of improving competition. This included working with club partners to plan new competition events designed in response to community feedback. 2025 saw the publication of series results from more winter leagues, which proved successful in building race experience in newer rowers and facilitated fresh competition experiences throughout the winter months. ## **Events** The CPGA team continued to uphold high standards supporting event hosts by providing competition scrutiny, medical and emergency contacts and media permissions. More events were featured on the fixtures calendar than ever before with the new and experimental Senior Summer Series securing useful feedback. ## **Championships** The work with Championship event hosts throughout 2024/25 continued to secure wide participation and engagement across age groups. 2024 saw the delivery of the inaugural Junior International Championships with the aim of providing young people with an inclusive and prestigious end of season competition. The Wave Of Events Project provided the opportunity for third-party evaluation of some championship events which has informed subsequent developments. Page **5** of **17** www.cpga.co.uk The Cornish Pilot Gig Association is a Charitable Incorporated Organisation - Charity No. 1166613 ## **Race Officials** New and more training sessions for race officials were scheduled to engage more beginners in the Race Official cohort and to update experienced officials as per the revised 2024/25 rules. ## **Courses** During 2024 more Level 1 Introduction to Coxing courses were delivered and a new formal learning pathway was developed and launched, with the first cohort of learners gaining their Level 1 Introduction to Coaching qualification by the end of this period. ## **Aim 4: Support individual engagement with sport** ## **People** Our clubs and their officers have done a fantastic job of getting our growing and diverse community of the water. CPGA volunteers have continued to contribute time and expertise to facilitate the running of the sport including our Trustees, Standards Team, GigRower Stream Team and Race Officials. ## **Builder Community** Our sport rests on the continuation of traditional boat building and the skills of our gig builders. Some builders and suppliers had trade stands at the Big Gig Show which provided opportunities for engagement between sector businesses, club representatives and wider community members. ## **GigRower Member Updates** In 2024/2025 we continued to build a significant readership who enjoyed a monthly digital magazine with varied content. ## **Events** The Big Gig Show sought to connect individuals with sector specialists and suppliers through talks and trade stands. Event feedback was positive and will inform future events. ## **Aim 5: Promote sport and maximise impact** In 2024 the sport received significant mainstream media coverage thanks to the additional capacity and outputs of the Wave of Events Project. Online audiences enjoyed content across social media channels with the development of YouTube as a primary platform for live event coverage during this period. ## **Websites** We have maintained our two websites and through the sites we have shared recruitment opportunities, news and community stories.. These websites are cpga.co.uk and gigrower.co.uk. A new website has been under development during this period. ## **Social Media** 2024/2025 saw continuing growth across platforms, particularly GigRower instagram. We are very fortunate to have an active online community across social media platforms. Thanks to all those who have supported the development of GigRower over the years. Page **6** of **17** www.cpga.co.uk The Cornish Pilot Gig Association is a Charitable Incorporated Organisation - Charity No. 1166613 ## **GigRower StreamTeam** The GigRower StreamTeam provided live coverage of more events than ever before. The arrival of Starlink led to more stable broadcasts and a move to YouTube. YouTube has supported the upload of post-production content also. The resulting channel is easier for audiences to navigate and enjoy via multiple visits. Page **7** of **17** www.cpga.co.uk The Cornish Pilot Gig Association is a Charitable Incorporated Organisation - Charity No. 1166613 Finance Report - Accounts Proflt and Loss Comi%h Piknl Gwj A￿lat0nclo FLYlf* ￿r￿thJ 30WI 2025 8fAJ•J 30 2024 1￿￿(¥j I￿75 r*ryJ •.tyJ Livj W50fy) 1.1W(¥J 71A92fll 71A92 WI01 1 01 *1.1$ 1￿61 1￿.61 M.43T 14.43TIO ?￿1$￿) owJ(¥J i¥ OMJ SPF OJJJ 853￿L¥j 51.8)T 51.£07OD 14I511AI 2MfilU4 78.1*17 $8.61&67 .￿￿62 51.1T251 81.￿ 13 7&1•UT D.01 ¥17ZJI JI.•BJ.IJ SJ•T.1S J•ti• J41Jll oth 4.r& 41&11 4ts 4M97 (JL•J 3.862.94 tyj 2&a51 61 2&351 61 om I31￿1 2.017.74 2￿17.14 2Sm (JLrfJ 1a25.* o.ty) awswj Za95 16 sr2. $72. 5r2&40 42S2.•J 4252. 1.34*7• 754ffil 1.977.81 81 tyj $54 7125 13122 1w.ya 1W.J3 ty) •ASi.g1 SS1.J1 o.ty) P54 YJ. ty) 15.7ro 1&702 tr.ty) tr.ty) tr) Yjl YJ1&2 1.7n &170. 1.7TFP &170.(* .IB 122tt0 (JLrfJ ty) 17805 (JLrfJ 1.17 1.IF& bl tr.ty) 54 oLrfJ Al 176.28 tr.ty) T.441 7.4119T IYM95 7.071.54 7fv71.$4 &341 23 1ST. tr.ty) 4.W4ts2 171bJl 18lYJ 1A24fy5 Tr￿1r• tr.ty) 1h%i ro 1.161 02 12240D Lb) L¥J 547.85 ty) l.nBSI 1.7595 SÈl.10 46&13 81$ 1￿51 29 2.￿.￿$ PV4UJ IW.1¥ IW•Ab) Iw). Page 8 of 17 www.cpga.co.uk The CornishPilot G]gASS(￿iationiS a Charttame Inc0[￿rated0rganls￿tio￿. Chatity No. 1166613 Balan￿ Sh*t Cornish PilotGw Ax50ath CK) 30WI W25 A(¢ouM FmA IM51.9P F.B7SJ)5 om 7Wi 7Wi V4 117J5 )J ¥127 1711¥ 1711J 1•4•M2Z 1DIJW2 1711J lir￿ Page 9 of 17 www.cpga.co.uk The CornishPilot G]gASS(￿iationiS a Charttame Inc0[￿rated0rganls￿tio￿. Chatity No. 1166613 STATEMENT OF FINANCIAL AcTIV￿Es FOR THE YEAR ENDED 30 APRIL 2025 Cfrfnigh Pld fyg CK) Includlw Mowm•m ￿A¢tr¥I￿ T*]W T0¢alF￿ 1W.>J1 £1W3)1 £83, £2fj3M•4 £148.514 R¢str¢t•lfvnl$ r8ctWage SQ619 119.785 ¢17V £136PJS £162.738 £81.rAI £109.444 t41.054 £111240 E1mY £im• Contributon t19.353 E1J Fund B•l•n￿1BrOuthl For*7rd 4.791 [15.491 £2.737 a107 £104.022 £6B.In M023 Page 10 of 17 www.cpga.co.uk The CornishPilot G]gASS(￿iationiS a Charttame Inc0[￿rated0rganls￿tio￿. Chatity No. 1166613 Notes to the Flnanclal Statements for the Year Ended 30th Aprll 2025 Comish Pilot Gig Association CIO ¢h•rlt•bl• a￿¥1119¥ Grantlundlng Dlr•ctVlag•8 Admistrative costs IndDIKlual ffi￿1 assets rA)sting £5[Kj.￿ or rr￿e are al￿>5[ Ip55 anySubW￿￿ aX￿Mu1a￿I dBFThaalK)ll and subsequentaccurrxJLited vnpairrrent h)sse* D•prncOatlon and amortlzthn Deprecwt￿ is pr￿ided on tangible fixed &ssets 50 05 lo ￿lIe off fv 0)51uvthti￿. any e5bmated re$kyu￿ val￿. over their expected useful eo)rw)mK lrfe as 1¢￿.. s•t Cla C4mputsr. Medk? & c¢￿Un￿a Equipment Fund structurn Vnrestricted Income fvnd5 are gerwal fvrkls Ihatare avaiiqtrje for ￿ atlhe twstee's disuekn in fvrther￿ ofthe obJ"ectives Financial instrLwnDrts CI&s81Th¢& The Charity onty ha5 fiTh9￿al a55ets finanrygj tth.ltrs of8 1WqU￿fy a5 b&%c firkgrwl Basc finanoal assets arKI I￿￿￿(be5 are Mrf1￿￿rneaSured atfrar￿kn I1rK￿udry transa(*un u)stsl and subsequenty rreasured atthwrseluement value. nancLg1 assets and rlakn1￿.8s ar8 onty¢)Ifset in th8 Stat8m6ntclfinanclal *tsn. and ctywhen thore 8xLqts a Wlty enforcaable nght lo set off the rewgnked anTh>Jn¢s aThJ the Chanty int8ThJs •b)er10 88tU8 ￿ a n81 basB. orto realvL8 the assèt and sett￿ the l*Lylitys¥NltanBtyJsly. Financial assets are dereccgntied when *th8n al the ccffitr8C￿ I￿ahts totho cash frcffl th8 fmancial as88t expl￿ or afy sdUtd, bl thB Charitytransfers b atK)thBrparty ￿b$￿￿ti￿1y ￿1 oftht risks and r8w8rd5 oft￿ne[shiP cfthe financial asset. ￿cl Ihe Charity. de5piie h3￿ng retain￿1 t)ui Mt al. sun￿nt risks and rayards of(Al￿ersh1P. has transfer￿ ccth crfthe as5el to ar￿lIher pwty. Statement of Reccffjmwded Practre Icharityes SORP IFRS 10211 Page 11 of 17 www.cpga.co.uk The CornishPilot G]gASS(￿iationiS a Charttame Inc0[￿rated0rganls￿tio￿. Chatity No. 1166613 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Rgport to Ihg trustees HE CORNISH PILOT GIG ASSOCIATION On accounts for the year ended 30th April 2025 Charity no (If any} 1166613 Set out on pages I re￿t to the trustees on my examination of the accounts of the above charity {Ihe Tnjsfi for the year ended 30 104 12025. Responslbllltles and basls As the charitys trustees. you are responsible for the preparation of the of rgPQrt accounts in acc(Kdance wth the requirements of the Charities Act 2011 (Ihe I repcrt in resr*ct of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{5)Ibl of the Act. Independent examlnorfs ￿he thartvs gross ino)me exceeded £250.0￿ and l am qualified to statement undertake the examination by being a qualified mernber of linsert narne of applicable listed bcxJyl]. Delete I l rfnot applicable. I have completed my examinalion. I confinn that no material matters have come to my attention in connection the examination (other than that disdosed below") which gNes me cause to believe that in. any material respect the accounting records were not kept in aco)rdance with section 130 of the Charibes Act" or the acwunls did not accord with the accounting records,. or the ae(x)unts did not comply wth the applioble requirements cDnceming the fonn and content of accounts set out in the Charitses (Acrounts and ReFK)rts) Regulations 2008 other than any requirement that the a￿Unts give a 'true and fair, view which is not a matter nsidered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. . Please delete the wo￿$ in the brdckets rf they do not appty. IER Oct 2018 Page 12 of 17 www.cpga.co.uk The CornishPilot G]gASS(￿iationiS a Charttame Inc0[￿rated0rganls￿tio￿. Chatity No. 1166613 ln January 2026 Signed: Name: Claire Marbn Relevant professlonal qualification{s) or body (rf any): MAAT - 1003572 Address: Perfect Sums Bcokkeeping & Aeeounts Ltd Unit 5 Wheal Agar Tolvaddon Energy Park, Tolvaddon, Cambome TR14 OHX Only complete if the examiner needs to highlight material matters of concern (see CC32. Independent examination of charity a(xounts'. directions and guidan￿ for examiners). IER Oct 2018 Page 13 of 17 www.cpga.co.uk The CornishPilot G]gASS(￿iationiS a Charttame Inc0[￿rated0rganls￿tio￿. Chatity No. 1166613 Glve her• br1￿ d¢tall• of any tt•ms that th• •xamlnw wlsh•s to dl•cloM. Fdlowing our review ol Ihe we have gNen fdltrwing wea's for vnpmement Akling a k>ck date to Xero woukl avdd any 5mBII errors occuning The creation of a nM)nthty bank rec4M￿lI1ati0n reprKt highlKJht any unreconcilèd transactThs affecbro the bank balarKe 901r￿￿ forward Uploadry Bank slatements and Gocardless payout rerxyts would SFeed up the Independent examinab" Reviewing the A4ed Payables & ReceNabbe5 detsiled reports on a quartety basis, ¥th￿k1 ensure any date errors were rAyrectod in a bm8ty kniirvJ R￿rKI￿¥j figure from Ihe ba￿ce sheet and into Genw expwtses at the year end wtsjld ensu￿ ifs indusion in cash accounb.ng The I￿asUrerS report c*￿t￿"n5 a reserve of £30,[￿), il *￿Ild be prudent lo review this in rext years Ihe rai￿ in costs. We suggested swrt¢hing last years a¢￿Unts back lo kc•J815 as there 're some ernxs found in the figures and thts year the charity has gone over the th￿Sh￿l and most do Accnjals. Adding staff & volunteer papeThvixk to Xero for futh year5 woukl hdp strengthen the examination. Next yew a lu# ￿(#)￿￿. latA￿ ol payrol as this has Th)t been in the pasL IER Oct 2018 Page 14 of 17 www.cpga.co.uk The CornishPilot G]gASS(￿iationiS a Charttame Inc0[￿rated0rganls￿tio￿. Chatity No. 1166613 ## **Finance Report - Detail** The accounts have been prepared on an accruals basis for this accounting period. As last time, the accounts have multiple columns this year, it has restricted funds and unrestricted funds. The restricted funds relate to the **Superfast 3 Inclusive Growth – Business Grant** and the Shared Prosperity Fund (SPF) which is the Wave of Events Project. All monies spent as part of the Wave of Events project are restricted to project activity. Our core spend is listed in the unrestricted column. The trustees have actively looked at our accounting needs and have secured advice to support the efficient use of our accounting software (Xero). Due to the increase in turnover this year we have a new Independent Examiner this year - Perfect Sums Bookkeeping & Accounts supported by Celtic Bookkeeping & Accountancy Services Ltd. We have provided a breakdown of each line item below which explains how our income and expenditure are generated. ## **Some notable points from the accounts:** We spent £25,873.20 on legal and data protection which draws to a close spend on the legal case with CFOGA, as outlined at the 2024 EGM. We have also invested in updating our build license documentation to ensure robust and compliant processes. Championship income (receipts) and championship events (payments) have both increased as member clubs have hosted additional championship events within the reporting period, this included the Senior Summer Series in 2024. Costs are offset by increased revenue and we have closed the gap on the net cost to the CPGA from the year ending 2024. ## **Wave of Events - Restricted Funds** The Wave of Events Project finished within this accounting period drawing to a close the remainder of spend and grant drawdowns from the Shared Prosperity Fund. ## **Superfast 3 Inclusive Growth – Business Grant** Whilst the ERDF funding was secured and spent on uplifting media equipment in the previous accounting period, the depreciation of those assets purchased is reported here. ## **Overall Picture** For the accounting period, there was an unrestricted funds profit of £1897.15 and restricted funds net loss of £37,746.24 leading to a combined total net loss of £35,849.09 for the association. The higher overall loss in this year is in part due to the Wave of Event Project income and expenditure schedules, unrestricted one-off costs and a general rise in the cost of overheads plus a rise in expenses reflective of this busy period of activity. The bank balance at the start of the period was £57,258.79 and closed at £64,591.58. Page **15** of **17** www.cpga.co.uk The Cornish Pilot Gig Association is a Charitable Incorporated Organisation - Charity No. 1166613 ## **Receipts** - Adverts - adverts on our platforms including the GigRower website, no adverts this year due to redesign of GigRower website - Boat license – Monies received for licensing gig builds - Championship events – Monies coming in as entry fees to the main large championships including WPGC, Mixed, Vets, Super Vets, Masters, Senior Summer Series, this money goes out again in costs to host clubs as explained above - Club In A Box – Revenue from the £1000 fee per boat per year - Club membership – this is £5.50 per member per club - DBS – Monies received for DBS checks - GigRower membership - This is the GigRower Membership, a £25 subscription service - Grants & Donations – No grants received during this period other than the SPF for Wave of Events as documented - Insurance – Monies received for members Personal Accident Insurance cover, this goes out again in payments to the insurer - Merchandise – Calendar and car sticker sales - Other – Misc receipts - Sponsorship – Sponsors of the CPGA and GigRower. Our main sponsors were Sharps for WPGC/Newquay and Plymouth CityBus for the Junior International Championships. - Training income – Monies received from facilitating training courses - SPF – Restricted funds, money drawn down from the Shared Prosperity Fund as part of the Wave of Events Project ## **Payments** - Accountancy – Software, end of year services and PAYE support - Bank fees – none - Card processor fees - associated with online payments for membership and courses - Championship events – Monies out to host clubs (receipts listed above), this also includes medal costs for championships and the costs of delivering the National County Championships - Comms with membership - Mail Chimp to deliver weekly and monthly update emails - Consultancy – HR, health and safety review, sponsorship activities, training accreditation consultancy, SPF project evaluation and SPF project digital recording - Contractor expenses - Contractor travel including Drone Pilot - CRM Software - Just Go - DBS - First Advantage costs associated with DBS checks - Depreciation - the decline in value of assets purchased - Events Equipment – event consumables - General Expenses – Amazon Prime and other misc costs - Insurance – CPGA Insurance and Club Personal Accident Insurance - Legal – Legal support - Light / heat – Utilities for office space at Krowji - Marketing - flags for brand awareness at regattas, race HQ etc - Measurers Expenses – Expenses for travel for our volunteer Standards Team members Page **16** of **17** www.cpga.co.uk The Cornish Pilot Gig Association is a Charitable Incorporated Organisation - Charity No. 1166613 - Media production – Mostly GigRower Stream Team costs including professional drone pilot, some boat hire for events and misc equipment, Stream Team attended more events during this period because of additional SPF funding - Merchandise – Calendar printing and design - PP&S – Calendar postage and stationary - Project – material cost relating to a Falmouth Marine School student boat building skills development initiative - Rates – Cornwall Council - Recruitment - No costs incurred during this period - Rent - Our office space Krowji - Staff expenses – Staff travelling to events and club consultations, much elevated by Wave of Events, see restricted funds - Staff training – No costs incurred during this period - Telephone and internet – Staff phones, internet at Krowji - Training costs – Course provision costs - Trustee expenses - Travel expenses - Venue hire – Club consultation sessions held around the UK and The Big Gig Show - Volunteer expenses - Volunteer expenses for travelling to various events including volunteer training - Wages – Unrestricted wages include the core staff team (3 part time). Restricted wages include the Wave Of Events project team. This project finished at end March 2025 Suspense account - this is an overpayment to Cornwall Council (for training) awaiting refund. ## **Reserves** The CPGA will hold a minimum of £30,000 in working capital. Three months operating costs in the event of winding up. The trustees review this figure annually. ## **Investments** The CPGA holds no investments. ## **Reports End** Signed on behalf of the Charity Trustees Ryan Watts - Treasurer Page **17** of **17** www.cpga.co.uk The Cornish Pilot Gig Association is a Charitable Incorporated Organisation - Charity No. 1166613