Related party transactions: information for academy trusts
Guidance for academy trusts declaring or seeking approval for related party transactions.
Applies to England
Documents
Details
Academy trusts must declare or seek approval using the related party transactions online form.
You will need an IDAMS account to use the form. You can set up an account and approve other users by following the guidance How to register for an IDAMS account.
Academy trusts must continue to report all related party transactions in their end of year financial statements, following guidance set out in the Academies Accounts Direction.
Last updated 18 February 2022 + show all updates
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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.
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We have updated this page to reflect changes to references in the Academy Trust Handbook.
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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.
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Updated with a guide to using the online form for related party transactions and a link to the online form.
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First published.