Pharaoh offering precious ointments to the gods.
Horus, at first a sky god (hence the falcon image), eventually became one of the most important gods of the Egyptians, especially as a defender of good vs evil.
Bes offers protection over the young Horus as the latter controls crocodiles, snakes and other creatures. The carving is covered with spells of protection, water poured over it by priests became "Holy Water."
This beautiful and delicate vast is only 50 mm (2 inches) tall.