YMCA St Paul’s Group is delighted to announce it has been awarded the top, G1, governance grade by the Regulator of Social Housing (RSH).
YMCA St Paul’s Group was formed in 2018 through the merger of four YMCAs across London and Slough. Through merger the charity moved into the large Housing provider status as it provided around 1,200 units of specialist supported and affordable accommodation to young and vulnerable people. In so doing it became a leading provider of supported accommodation and community and youth services across London and beyond.
Following an RSH In-Depth Assessment in late 2019 a plan was agreed with the regulator which set out a roadmap for how YMCA St Paul’s Group could be awarded G1. Despite the pressures on charities and supported housing during the Covid-19 pandemic, YMCA St Paul’s Group delivered against this road map. Richard James, Chief Executive of YMCA St Paul’s Group has said:
“Since the outbreak of Covid-19 we have continued to provide vital services to meet the ever-increasing and changing needs of our young people and those we support in our communities. Many have struggled with poor mental health, food and/or digital poverty, loneliness, isolation and unemployment. Our team have been working exceptionally hard to provide much needed support.”
Following its review in March 2021, the regulator confirmed that YMCA St Paul’s Group has met stringent governance and viability standards and is compliant with all its governance responsibilities and has the capacity to deal with a range of financial pressures should they arise and as such they awarded it a G1:V2 rating.
Andy Palmer, Chair of the YMCA St Paul’s Group Board said:
“We are proud to be the first YMCA to be awarded G1. Over the last 12 months the Board and Executive have worked closely together to continue to maintain standards whilst providing our vital services. With the confidence of the regulator and the direction of a new Strategic Plan, we are committed to providing our housing and support services to communities who are emerging from the pressures of the pandemic.”
Over the course of the next few years, YMCA St Paul’s Group is seeking to develop 200 new units of accommodation whilst also looking to work with partners in in different areas of London where YMCA work is needed but not yet seen.