Resonance

Publication

Resonance Annual Report 2022/2023

ANNUAL REPORT 2022/2023

DOWNLOAD REPORT

Our teams successfully mobilised over £17.5m of useful capital into the hands of 34 social enterprises, bringing our rolling five year total to £118m into 103 enterprises.

“What another eventful year…. The threat from COVID eased, but other challenges emerged with the war in Ukraine raging on, Europe seeing the hottest summer on record, markets sent into turmoil following a disastrous mini budget and of course, inflation around the globe rocketing, leading to a cost of living crisis.

“Volatile situations also create opportunity. For Resonance, we have welcomed our second pension fund (amongst others) investing into our homelessness property fund. The stable income streams, resilient capital values as well as the strong social impact that our funds offer, are increasingly seen as a safe haven for investors navigating volatile markets. Of course, the number of families in temporary accommodation is increasing faster than we can buy homes, mainly caused by a political decision to save HM Treasury money at the expense of local authority budgets…......”

.................................................................................................................................................

WORKING WITH 25 HOUSING PARTNERS, OUR 7 IMPACT PROPERTY FUNDS HAVE PROVIDED HOMES FOR 3,514 INDIVIDUALS AND CHILDREN IN 1,129 HOMES.

.................................................................................................................................................

I hope you enjoy reading our report.

Daniel Brewer, CEO

Daniel Brewer

Chief Executive Officer

Resonance Limited is a company registered in England and Wales no. 04418625

Resonance Impact Investment Limited, a subsidiary of Resonance Limited, is authorized and regulated by the Financial Conduct Authority (FCA). Firm number 588462.

Disclaimer: This website does not contain, constitute, nor does it form part of, an offer to sell or purchase or a solicitation of an offer to sell or purchase, any securities, investments or financial instruments referred to herein or to enter into any other transaction described herein. Resonance is not providing, and will not provide, any investment advice or recommendation (personal or otherwise) to you in relation to any securities, investments or financial instruments or transactions described herein. Whilst all reasonable care has been taken to ensure the accuracy of the information contained in this website, neither Resonance nor its officers accept any liability for its contents or for any errors or omissions.