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        <Desc>Child gifts provided by US-based donors are wired directly to the office in Uganda. These child gift donations allow staff to purchase food and critical supplies for sponsored children and for the families of sponsored children. Many families lack the basic, everyday necessities to allow them to fully function and to be lifted out of poverty. Providing such basics as a mattress, a food package, a hygiene kit, or solar panel is a tangible and substantial way to help families in need. A vast majority of families in BOHAM?s program lack proper bedding and most sponsored children go without food during school breaks. Thankfully, child gifts are one way that sponsors and ministry partners can give above and beyond to sponsored children within the program. In 2024, over 150 children were impacted by child gifts; a total of 1,554 gifts were provided from donors.</Desc>
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        <ExplanationTxt>The financial statements are prepared in accordance with the Generally Accepted Accounting Principles GAAP. They are prepared under the historical cost convention, as modified by financial instruments at fair value. The financial statements are prepared to ensure compliance with the requirements of the Ugandan Companies Act, 2012. The statement of profit or loss and statement of comprehensive income represent the profit and loss account referred to in the Act. The statement of financial position represents the balance sheet referred to in the Act.</ExplanationTxt>
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