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<p>In adhering with accounting standards, academy trusts are required to disclose
all related party transactions in their accounts, this being an illustration of the
high levels of transparency that we require of academy trusts. There is no equivalent
requirement for local authority schools to disclose such transactions, as they are
not required to prepare or publish individual accounts.</p><p> </p><p>The referrals
for both Bright Tribe and Collective Spirit Multi Academy Trust are currently being
assessed. The referral for Wakefield City Academies Trust has been considered and
the trust has disclosed the transactions in their published accounts, available on
the Companies House website.</p><p> </p>
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