Over the past few years we have worked with 170 different investors. We are always pleased to attract new investors growing that number - demonstrating how more people are finding a way to put their money behind the change they want to see in the world. Whilst it is wonderful when we attract new investors, we are proud that over the years we have built a growing pool of returning investors that now feel part of the wider Resonance community. It is evidence of the values alignment we are creating as much as it is a reflection of the commercial and impact performance being achieved. We’re thrilled to now count 83 investors in our community, where we are working with them on multiple strategies or where they have topped up their investment into one of our funds.

Deployment has significantly improved this year, howeve this has been slowed somewhat by funds remaining capital constrained. We are now beginning to see the results of our institutional fundraising which occurred after the end of this reporting period.

Whilst critical, investment is rarely enough on its own. Almost all social enterprises need strengthening in other ways as well. This can be an intense short-term piece of work before or after a transaction, or a longer light touch relationship. In some cases, we are able to support organisations on their journey to scale their social impact without the need for investment at all. This has been the fourth year running where we have played a role in distributing grants to social enterprises – this time it has been through the Youth Investment Fund in partnership with Social Investment Business and Key Fund.

We buy homes for people facing crisis, whether that is exiting temporary accommodation, fleeing domestic violence or coming out of institutional settings. Each home houses on average a little more than two people and then with some natural churn (about 10% pa once the portfolio has settled), the property is available again for a new family. The 1,150 homes we have refurbished and handed over in total to date, have over the period we have owned them, created a safe, affordable, healthy space for over 3,926 very important people!