Thatcher Home Fort Beaufort Eastern Cape
The Thatcher Home is a registered Non-Profit Organization, NPO Registration Number: 005-995, in terms of the Companies Act, Act 71 of 2008. The Thatcher Home is facing ongoing financial challenges and relies on, in addition to payment of existing residents, funding campaigns drives & external donations.
THE THATCHER HOME MAIN OBJECTIVES ARE TO:
- Establish and maintain housing for the aged
- Provide institutional facilities and community centres and services for the aged;
- To employ such staff as may be required, including Social Workers;
- To administer such services
- And to raise funds.
The Thatcher Home has an established external donor known as “Friends of Thatcher” that has a independant club account with ABSA, which operates independently from Thatcher Home. This donor manages all fixed and once off financial contributions allocated for the Thatcher Home by individuals and corporates, and are also subjective to auditing.
On a monthly basis the donor contributes to the operating expenses by making direct payment to Creditors of which the Thatcher Home must provide substantive evidence to be considered for payment.