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.