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Confirmation added that academy trusts should now report or seek approval for related party transactions from the Department for Education. Replaced references to IDAMS with the RPT online form portal.

Updated 'Checklist: related party transactions - preparing evidence for ESFA approval' to update the references to the Academy trust handbook 2024.

Added 'Checklist - things to consider when transacting with a related party'. Updated all other documents to reflect the Academy trust handbook.

Updated link to 'Submit your related party transaction'.

We've updated the information for related party transactions for the new academic year.

We've added a link to the next Academy Finance Professionals Power Hour on changes to the RPT process.

From 1 September 2023 the reporting requirements for related party transactions (RPTs) will be changing. Please see the new version of the Academy Trust Handbook for more information.

We have updated this page to add the slides used at the academies finance professional event on 17 February 2022 and also the model statement of assurance that academy trusts should use where goods or service provided by a related party exceed 2,500.

We have updated this page to reflect changes to references in the Academy Trust Handbook.

We've updated information in the documents: summary guidance, using the online form, glossary of terms and guidance for church schools. We've also added a checklist to support completion of the online form.

Updated with a guide to using the online form for related party transactions and a link to the online form.

First published.