Related party transactions: information for academy trusts
Guidance for academy trusts reporting or seeking approval for related party transactions (RPTs).
- From:
- Department for Education
- Published
- 22 March 2019
- Last updated
-
811OctoberApril20242025 — See all updates
Applies to England
Documents
Checklist: things to consider when transacting with a related party
ODT, 48.9 KB
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Details
From 1 October 2024 academy trusts should report or seek approval for related party transactions from the Department for Education instead of the Education and Skills Funding Agency. There has been no change to the process you follow to do this.
Academy trusts must report all expenditure transactions or seek approval where necessary using the related party transactions online form.
The Academy trust handbook sets out reporting and approval requirements for academy trusts in advance of transacting with a related party.
You can watch the ESFA’sAcademy Finance Professionals Power Hour below for more details:
Power Hour August 2023: Related Party Transactions
You can also watch the online form tutorial for more details:
You will need a DfE Sign-in account to use the form. Register for a DfE Sign-in account if you do not have one already.
Academy trusts must report all related party transactions in their end of year financial statements, following guidance set out in the Academies Accounts Direction.
Updates to this page
Published 22 March 2019
Last updated 811 OctoberApril 2024
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Details
From 1 October 2024 academy trusts should report or seek approval for related party transactions from the Department for Education instead of the Education and Skills Funding Agency. There has been no change to the process you follow to do this.
Academy trusts must report all expenditure transactions or seek approval where necessary using the related party transactions online form.
The Academy trust handbook sets out reporting and approval requirements for academy trusts in advance of transacting with a related party.
You can watch the ESFA’sAcademy Finance Professionals Power Hour below for more details:
Power Hour August 2023: Related Party Transactions
You can also watch the online form tutorial for more details:
You will need a DfE Sign-in account to use the form. Register for a DfE Sign-in account if you do not have one already.
Academy trusts must report all related party transactions in their end of year financial statements, following guidance set out in the Academies Accounts Direction.
Updates to this page
Sign up for emails or print this page
Update history
2025-06-25 11:00
Added ‘Managing conflicts of interests, related party relationships and related party transactions: good practice guide’.
2025-04-11 09:49
Removed the link to the ‘RPT online tutorial form’ as it was out of date. Also updated ‘Using the online form: report or seek approval for related party transactions’ to reflect changes to the RPT online form portal.
2024-10-08 14:58
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.
2024-09-02 09:30
Updated ‘Checklist: related party transactions – preparing evidence for ESFA approval’ to update the references to the Academy trust handbook 2024.
2024-08-28 09:05
Added ‘Checklist – things to consider when transacting with a related party’. Updated all other documents to reflect the Academy trust handbook.
2024-06-28 09:41
Updated link to ‘Submit your related party transaction’.
2023-09-01 08:37
We’ve updated the information for related party transactions for the new academic year.
2023-07-14 09:58
We’ve added a link to the next Academy Finance Professionals Power Hour on changes to the RPT process.
2023-07-06 10:19
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.
2022-02-18 11:11
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.