THE CORNISH PILOT GIG ASSOCIATION
The CPGA is the governing body for the sport and we uphold the specification and heritage of the Cornish Pilot Gig. We work with our clubs and wider community to maintain the traditional spirit of the sport alongside modern safety and welfare standards. We are proud of our sport and are delighted that Cornish Pilot Gig rowing is being enjoyed by so many people across the British Isles and overseas
Financial health, per its FY2025 accounts
The accounts state that the charity reported a combined net loss of £35,849.09 for the period, driven largely by the conclusion of the restricted Wave of Events project and rising overheads. Despite this loss, the unrestricted funds showed a small profit, and the overall bank balance increased from £57,258.79 to £64,591.58. The trustees maintain a reserves policy of holding a minimum of £30,000 in working capital and three months of operating costs.
What the accounts disclose
“The CPGA will hold a minimum of £30,000 in working capital. Three months operating costs in the event of winding up.”
Trustees
- Phoebe Millarchair
- Anthony Ernest Gore
- Clair Fennessy
- David Geoffrey Michael Callaghan
- Peter John Chalkley
- Ryan Daniel Watts
- Steve Mullen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/04/2025 | £264k | £300k |
| 30/04/2024 | £170k | £196k |
| 30/04/2023 | £136k | £159k |
| 30/04/2022 | £67k | £35k |
| 30/04/2021 | £50k | £37k |
Common questions
Is THE CORNISH PILOT GIG ASSOCIATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a combined net loss of £35,849.09 for the period, driven largely by the conclusion of the restricted Wave of Events project and rising overheads. Despite this loss, the unrestricted funds showed a small profit, and the overall bank balance increased from £57,258.79 to £64,591.58. The trustees maintain a reserves policy of holding a minimum of £30,000 in working capital and three months of operating costs. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 29/06/2020 | £4k | COVID-19 CEF |
| The National Lottery Heritage Fund | 09/08/2017 | £39k | "Pulling Together the Past" |