The Taranaki Rugby Football Union posted a net operating surplus of $20,454 for 2022, a much-improved position over 2021 and against the 2022 budget.

The result was announced at the 137th Annual General Meeting of the TRFU held at the Patea Rugby & Sports Club last night.

TRFU Chair Andrew Thompson was pleased with the financial result which through increased revenue, allowed for greater investment within the community game. The 2022 year also saw the business make a return to its spiritual home of Yarrow Stadium.

“The Silver Lake investment has allowed Taranaki Rugby to repay its New Zealand Rugby loans whilst increasing its cash reserves that had been decimated post the Yarrow Stadium closure. The business, after suffering financial disruptions over the last four years is now back in a healthy position to weather any unforeseeable storms that may come our way in the future.”

Thompson thanked those individuals and organisations who threw their support behind nurturing the game in Taranaki.

“Thank you to all those who continue to back our game around Taranaki Maunga. From our season members and cow donors through to our Principal Partner Yarrows the Bakers and our family of TRFU commercial partners. Your unwavering and generous support of Taranaki Rugby is greatly appreciated.”

“I would also like to thank the supporters of our community rugby programmes, most notably the New Zealand Community Trust, Taranaki Community Rugby Trust, Lion Foundation, Toi Foundation, Pelorus Trust, Kiwi Gaming and the Aotearoa Gaming Trust. Your support of the TRFU enables memorable experiences for participants all over Taranaki.”

Thompson, who has been on the TRFU Board since 2015 as an Elected Director and Chair since 2020 stepped down from his duties at the meeting.

John Dazley, who was nominated by the Stratford Eltham club was re-elected to the TRFU Board and Bruce Major, nominated by the Taranaki Rugby Referees Association was successful as the new Elected Director.

The full annual report can be found HERE

Article added: Thursday 25 May 2023