Financial Audit Report 2025

Independent Audit Report — Fiscal Year 2025

This report presents the findings of the independent external audit of Gloford's financial statements for the year ended December 31, 2025. The audit was conducted by Deloitte Uganda in accordance with International Standards on Auditing.

Audit Opinion

Unqualified (Clean) Opinion: In our opinion, the financial statements present fairly, in all material respects, the financial position of Gloford as at December 31, 2025, and its financial performance and cash flows for the year then ended in accordance with International Financial Reporting Standards.

Key Findings

Internal controls over financial reporting are operating effectively
All donor funds have been utilized in accordance with grant agreements
No material misstatements or compliance findings identified
Fixed asset register is complete and up to date
Payroll controls are adequate and functioning

Management Letter Recommendations

The auditors made two minor recommendations related to procurement documentation and vehicle log management. Management has accepted both recommendations and implementation is underway.

Independent Audit Report — Fiscal Year 2025

Audit Opinion

Key Findings

Internal controls over financial reporting are operating effectively
All donor funds have been utilized in accordance with grant agreements
No material misstatements or compliance findings identified
Fixed asset register is complete and up to date
Payroll controls are adequate and functioning

Management Letter Recommendations

The auditors made two minor recommendations related to procurement documentation and vehicle log management. Management has accepted both recommendations and implementation is underway.