Social Housing Regulator awarded YMCA St Paul’s Group the top G1 grade

We are thrilled to announce that YMCA St Paul’s Group (YMCA SPG) has achieved the top G1 grade from the Regulator of Social Housing (RSH)!

This outstanding achievement is the result of 18 months of dedicated efforts to enhance our governance, risk management, and strategic reporting processes.

The RSH recognised our progress following an in-depth assessment (IDA) in August 2023, which identified areas for improvement in stress-testing, risk management, and the delivery of strategic plan outcomes.

In their statement, the RSH noted:

     “At the time of the IDA, additional work was being undertaken by YMCA SPG to improve its stress-testing and mitigations, and the board needed to continue this work to better inform strategic decision-making.

     Through our engagement work, we have seen evidence that board oversight of stress-testing and mitigation strategies is robust, and that the board is receiving regular reporting on progress against its strategic plan. These improvements have strengthened the board’s oversight and ability to assess and respond to any presenting challenges or changes in its financial position.”

Our Chief Executive Officer, Richard James, expressed his gratitude and excitement:

     “We are delighted with the updated regulatory judgement and are committed to ensuring we continue to evolve and improve what we do, particularly in light of the new consumer standards. We sincerely thank everyone who has supported us on this journey.”