diff --git a/CHANGES.md b/CHANGES.md
index 27483532d0..6e7cc5374a 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,3 +1,75 @@
+Synapse 1.32.0rc1 (2021-04-13)
+==============================
+
+**Note:** This release requires Python 3.6+ and Postgres 9.6+ or SQLite 3.22+.
+
+This release removes the deprecated `GET /_synapse/admin/v1/users/<user_id>` admin API. Please use the [v2 API](https://github.com/matrix-org/synapse/blob/develop/docs/admin_api/user_admin_api.rst#query-user-account) instead, which has improved capabilities.
+
+This release requires Application Services to use type `m.login.application_services` when registering users via the `/_matrix/client/r0/register` endpoint to comply with the spec. Please ensure your Application Services are up to date.
+
+Features
+--------
+
+- Add a Synapse module for routing presence updates between users. ([\#9491](https://github.com/matrix-org/synapse/issues/9491))
+- Add an admin API to manage ratelimit for a specific user. ([\#9648](https://github.com/matrix-org/synapse/issues/9648))
+- Include request information in structured logging output. ([\#9654](https://github.com/matrix-org/synapse/issues/9654))
+- Add `order_by` to the admin API `GET /_synapse/admin/v2/users`. Contributed by @dklimpel. ([\#9691](https://github.com/matrix-org/synapse/issues/9691))
+- Replace the `room_invite_state_types` configuration setting with `room_prejoin_state`. ([\#9700](https://github.com/matrix-org/synapse/issues/9700))
+- Add experimental support for [MSC3083](https://github.com/matrix-org/matrix-doc/pull/3083): restricting room access via group membership. ([\#9717](https://github.com/matrix-org/synapse/issues/9717), [\#9735](https://github.com/matrix-org/synapse/issues/9735))
+- Update experimental support for Spaces: include `m.room.create` in the room state sent with room-invites. ([\#9710](https://github.com/matrix-org/synapse/issues/9710))
+- Synapse now requires Python 3.6 or later. It also requires Postgres 9.6 or later or SQLite 3.22 or later. ([\#9766](https://github.com/matrix-org/synapse/issues/9766))
+
+
+Bugfixes
+--------
+
+- Prevent `synapse_forward_extremities` and `synapse_excess_extremity_events` Prometheus metrics from initially reporting zero-values after startup. ([\#8926](https://github.com/matrix-org/synapse/issues/8926))
+- Fix recently added ratelimits to correctly honour the application service `rate_limited` flag. ([\#9711](https://github.com/matrix-org/synapse/issues/9711))
+- Fix longstanding bug which caused `duplicate key value violates unique constraint "remote_media_cache_thumbnails_media_origin_media_id_thumbna_key"` errors. ([\#9725](https://github.com/matrix-org/synapse/issues/9725))
+- Fix bug where sharded federation senders could get stuck repeatedly querying the DB in a loop, using lots of CPU. ([\#9770](https://github.com/matrix-org/synapse/issues/9770))
+- Fix duplicate logging of exceptions thrown during federation transaction processing. ([\#9780](https://github.com/matrix-org/synapse/issues/9780))
+
+
+Updates to the Docker image
+---------------------------
+
+- Move opencontainers labels to the final Docker image such that users can inspect them. ([\#9765](https://github.com/matrix-org/synapse/issues/9765))
+
+
+Improved Documentation
+----------------------
+
+- Make the `allowed_local_3pids` regex example in the sample config stricter. ([\#9719](https://github.com/matrix-org/synapse/issues/9719))
+
+
+Deprecations and Removals
+-------------------------
+
+- Remove old admin API `GET /_synapse/admin/v1/users/<user_id>`. ([\#9401](https://github.com/matrix-org/synapse/issues/9401))
+- Make `/_matrix/client/r0/register` expect a type of `m.login.application_service` when an Application Service registers a user, to align with [the relevant spec](https://spec.matrix.org/unstable/application-service-api/#server-admin-style-permissions). ([\#9548](https://github.com/matrix-org/synapse/issues/9548))
+- Replace deprecated `imp` module with successor `importlib`. Contributed by Cristina Muñoz. ([\#9718](https://github.com/matrix-org/synapse/issues/9718))
+
+
+Internal Changes
+----------------
+
+- Experiment with GitHub Actions for CI. ([\#9661](https://github.com/matrix-org/synapse/issues/9661))
+- Introduce flake8-bugbear to the test suite and fix some of its lint violations. ([\#9682](https://github.com/matrix-org/synapse/issues/9682))
+- Update `scripts-dev/complement.sh` to use a local checkout of Complement, allow running a subset of tests and have it use Synapse's Complement test blacklist. ([\#9685](https://github.com/matrix-org/synapse/issues/9685))
+- Improve Jaeger tracing for `to_device` messages. ([\#9686](https://github.com/matrix-org/synapse/issues/9686))
+- Add release helper script for automating part of the Synapse release process. ([\#9713](https://github.com/matrix-org/synapse/issues/9713))
+- Add type hints to expiring cache. ([\#9730](https://github.com/matrix-org/synapse/issues/9730))
+- Convert various testcases to `HomeserverTestCase`. ([\#9736](https://github.com/matrix-org/synapse/issues/9736))
+- Start linting mypy with `no_implicit_optional`. ([\#9742](https://github.com/matrix-org/synapse/issues/9742))
+- Add missing type hints to federation handler and server. ([\#9743](https://github.com/matrix-org/synapse/issues/9743))
+- Check that a `ConfigError` is raised, rather than simply `Exception`, when appropriate in homeserver config file generation tests. ([\#9753](https://github.com/matrix-org/synapse/issues/9753))
+- Fix incompatibility with `tox` 2.5. ([\#9769](https://github.com/matrix-org/synapse/issues/9769))
+- Enable Complement tests for [MSC2946](https://github.com/matrix-org/matrix-doc/pull/2946): Spaces Summary API. ([\#9771](https://github.com/matrix-org/synapse/issues/9771))
+- Use mock from the standard library instead of a separate package. ([\#9772](https://github.com/matrix-org/synapse/issues/9772))
+- Update Black configuration to target Python 3.6. ([\#9781](https://github.com/matrix-org/synapse/issues/9781))
+- Add option to skip unit tests when building Debian packages. ([\#9793](https://github.com/matrix-org/synapse/issues/9793))
+
+
 Synapse 1.31.0 (2021-04-06)
 ===========================
 
diff --git a/changelog.d/8926.bugfix b/changelog.d/8926.bugfix
deleted file mode 100644
index aad7bd83ce..0000000000
--- a/changelog.d/8926.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Prevent `synapse_forward_extremities` and `synapse_excess_extremity_events` Prometheus metrics from initially reporting zero-values after startup.
diff --git a/changelog.d/9401.removal b/changelog.d/9401.removal
deleted file mode 100644
index 9c813e0215..0000000000
--- a/changelog.d/9401.removal
+++ /dev/null
@@ -1 +0,0 @@
-Remove old admin API `GET /_synapse/admin/v1/users/<user_id>`.
\ No newline at end of file
diff --git a/changelog.d/9491.feature b/changelog.d/9491.feature
deleted file mode 100644
index 8b56a95a44..0000000000
--- a/changelog.d/9491.feature
+++ /dev/null
@@ -1 +0,0 @@
-Add a Synapse module for routing presence updates between users.
diff --git a/changelog.d/9548.removal b/changelog.d/9548.removal
deleted file mode 100644
index 1fb88236c6..0000000000
--- a/changelog.d/9548.removal
+++ /dev/null
@@ -1 +0,0 @@
-Make `/_matrix/client/r0/register` expect a type of `m.login.application_service` when an Application Service registers a user, to align with [the relevant spec](https://spec.matrix.org/unstable/application-service-api/#server-admin-style-permissions).
diff --git a/changelog.d/9648.feature b/changelog.d/9648.feature
deleted file mode 100644
index bc77026039..0000000000
--- a/changelog.d/9648.feature
+++ /dev/null
@@ -1 +0,0 @@
-Add an admin API to manage ratelimit for a specific user.
\ No newline at end of file
diff --git a/changelog.d/9654.feature b/changelog.d/9654.feature
deleted file mode 100644
index a54c96cf19..0000000000
--- a/changelog.d/9654.feature
+++ /dev/null
@@ -1 +0,0 @@
-Include request information in structured logging output.
diff --git a/changelog.d/9661.misc b/changelog.d/9661.misc
deleted file mode 100644
index b5beb4626c..0000000000
--- a/changelog.d/9661.misc
+++ /dev/null
@@ -1 +0,0 @@
-Experiment with GitHub Actions for CI.
diff --git a/changelog.d/9682.misc b/changelog.d/9682.misc
deleted file mode 100644
index 428a466fac..0000000000
--- a/changelog.d/9682.misc
+++ /dev/null
@@ -1 +0,0 @@
-Introduce flake8-bugbear to the test suite and fix some of its lint violations.
diff --git a/changelog.d/9685.misc b/changelog.d/9685.misc
deleted file mode 100644
index 0506d8af0c..0000000000
--- a/changelog.d/9685.misc
+++ /dev/null
@@ -1 +0,0 @@
-Update `scripts-dev/complement.sh` to use a local checkout of Complement, allow running a subset of tests and have it use Synapse's Complement test blacklist.
\ No newline at end of file
diff --git a/changelog.d/9686.misc b/changelog.d/9686.misc
deleted file mode 100644
index bb2335acf9..0000000000
--- a/changelog.d/9686.misc
+++ /dev/null
@@ -1 +0,0 @@
-Improve Jaeger tracing for `to_device` messages.
diff --git a/changelog.d/9691.feature b/changelog.d/9691.feature
deleted file mode 100644
index 3c711db4f5..0000000000
--- a/changelog.d/9691.feature
+++ /dev/null
@@ -1 +0,0 @@
-Add `order_by` to the admin API `GET /_synapse/admin/v2/users`. Contributed by @dklimpel. 
\ No newline at end of file
diff --git a/changelog.d/9700.feature b/changelog.d/9700.feature
deleted file mode 100644
index 037de8367f..0000000000
--- a/changelog.d/9700.feature
+++ /dev/null
@@ -1 +0,0 @@
-Replace the `room_invite_state_types` configuration setting with `room_prejoin_state`.
diff --git a/changelog.d/9710.feature b/changelog.d/9710.feature
deleted file mode 100644
index fce308cc41..0000000000
--- a/changelog.d/9710.feature
+++ /dev/null
@@ -1 +0,0 @@
-Experimental Spaces support: include `m.room.create` in the room state sent with room-invites.
diff --git a/changelog.d/9711.bugfix b/changelog.d/9711.bugfix
deleted file mode 100644
index 4ca3438d46..0000000000
--- a/changelog.d/9711.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Fix recently added ratelimits to correctly honour the application service `rate_limited` flag.
diff --git a/changelog.d/9713.misc b/changelog.d/9713.misc
deleted file mode 100644
index 908e7a2459..0000000000
--- a/changelog.d/9713.misc
+++ /dev/null
@@ -1 +0,0 @@
-Add release helper script for automating part of the Synapse release process.
diff --git a/changelog.d/9717.feature b/changelog.d/9717.feature
deleted file mode 100644
index c2c74f13d5..0000000000
--- a/changelog.d/9717.feature
+++ /dev/null
@@ -1 +0,0 @@
-Add experimental support for [MSC3083](https://github.com/matrix-org/matrix-doc/pull/3083): restricting room access via group membership.
diff --git a/changelog.d/9718.removal b/changelog.d/9718.removal
deleted file mode 100644
index 6de7814217..0000000000
--- a/changelog.d/9718.removal
+++ /dev/null
@@ -1 +0,0 @@
-Replace deprecated `imp` module with successor `importlib`. Contributed by Cristina Muñoz.
diff --git a/changelog.d/9719.doc b/changelog.d/9719.doc
deleted file mode 100644
index f018606dd6..0000000000
--- a/changelog.d/9719.doc
+++ /dev/null
@@ -1 +0,0 @@
-Make the allowed_local_3pids regex example in the sample config stricter.
diff --git a/changelog.d/9725.bugfix b/changelog.d/9725.bugfix
deleted file mode 100644
index 71283685c8..0000000000
--- a/changelog.d/9725.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Fix longstanding bug which caused `duplicate key value violates unique constraint "remote_media_cache_thumbnails_media_origin_media_id_thumbna_key"` errors.
diff --git a/changelog.d/9730.misc b/changelog.d/9730.misc
deleted file mode 100644
index 8063059b0b..0000000000
--- a/changelog.d/9730.misc
+++ /dev/null
@@ -1 +0,0 @@
-Add type hints to expiring cache.
diff --git a/changelog.d/9735.feature b/changelog.d/9735.feature
deleted file mode 100644
index c2c74f13d5..0000000000
--- a/changelog.d/9735.feature
+++ /dev/null
@@ -1 +0,0 @@
-Add experimental support for [MSC3083](https://github.com/matrix-org/matrix-doc/pull/3083): restricting room access via group membership.
diff --git a/changelog.d/9736.misc b/changelog.d/9736.misc
deleted file mode 100644
index 1e445e4344..0000000000
--- a/changelog.d/9736.misc
+++ /dev/null
@@ -1 +0,0 @@
-Convert various testcases to `HomeserverTestCase`.
diff --git a/changelog.d/9742.misc b/changelog.d/9742.misc
deleted file mode 100644
index 681ab04df8..0000000000
--- a/changelog.d/9742.misc
+++ /dev/null
@@ -1 +0,0 @@
-Start linting mypy with `no_implicit_optional`.
\ No newline at end of file
diff --git a/changelog.d/9743.misc b/changelog.d/9743.misc
deleted file mode 100644
index c2f75c1df9..0000000000
--- a/changelog.d/9743.misc
+++ /dev/null
@@ -1 +0,0 @@
-Add missing type hints to federation handler and server.
diff --git a/changelog.d/9753.misc b/changelog.d/9753.misc
deleted file mode 100644
index 31184fe0bd..0000000000
--- a/changelog.d/9753.misc
+++ /dev/null
@@ -1 +0,0 @@
-Check that a `ConfigError` is raised, rather than simply `Exception`, when appropriate in homeserver config file generation tests.
\ No newline at end of file
diff --git a/changelog.d/9765.docker b/changelog.d/9765.docker
deleted file mode 100644
index f170a36714..0000000000
--- a/changelog.d/9765.docker
+++ /dev/null
@@ -1 +0,0 @@
-Move opencontainers labels to the final Docker image such that users can inspect them.
diff --git a/changelog.d/9766.feature b/changelog.d/9766.feature
deleted file mode 100644
index ecf49cfee1..0000000000
--- a/changelog.d/9766.feature
+++ /dev/null
@@ -1 +0,0 @@
-Synapse now requires Python 3.6 or later. It also requires Postgres 9.6 or later or SQLite 3.22 or later.
diff --git a/changelog.d/9769.misc b/changelog.d/9769.misc
deleted file mode 100644
index 042a50615f..0000000000
--- a/changelog.d/9769.misc
+++ /dev/null
@@ -1 +0,0 @@
-Fix incompatibility with `tox` 2.5.
diff --git a/changelog.d/9770.bugfix b/changelog.d/9770.bugfix
deleted file mode 100644
index baf93138de..0000000000
--- a/changelog.d/9770.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Fix bug where sharded federation senders could get stuck repeatedly querying the DB in a loop, using lots of CPU.
diff --git a/changelog.d/9771.misc b/changelog.d/9771.misc
deleted file mode 100644
index 42d651d4cc..0000000000
--- a/changelog.d/9771.misc
+++ /dev/null
@@ -1 +0,0 @@
-Enable Complement tests for [MSC2946](https://github.com/matrix-org/matrix-doc/pull/2946): Spaces Summary API.
diff --git a/changelog.d/9772.misc b/changelog.d/9772.misc
deleted file mode 100644
index ec7d94cc25..0000000000
--- a/changelog.d/9772.misc
+++ /dev/null
@@ -1 +0,0 @@
-Use mock from the standard library instead of a separate package.
diff --git a/changelog.d/9780.bugfix b/changelog.d/9780.bugfix
deleted file mode 100644
index 70985a050f..0000000000
--- a/changelog.d/9780.bugfix
+++ /dev/null
@@ -1 +0,0 @@
-Fix duplicate logging of exceptions thrown during federation transaction processing.
diff --git a/changelog.d/9781.misc b/changelog.d/9781.misc
deleted file mode 100644
index d1c73fc741..0000000000
--- a/changelog.d/9781.misc
+++ /dev/null
@@ -1 +0,0 @@
-Update Black configuration to target Python 3.6.
diff --git a/changelog.d/9782.misc b/changelog.d/9782.misc
deleted file mode 100644
index ecf49cfee1..0000000000
--- a/changelog.d/9782.misc
+++ /dev/null
@@ -1 +0,0 @@
-Synapse now requires Python 3.6 or later. It also requires Postgres 9.6 or later or SQLite 3.22 or later.
diff --git a/changelog.d/9793.misc b/changelog.d/9793.misc
deleted file mode 100644
index 6334689d26..0000000000
--- a/changelog.d/9793.misc
+++ /dev/null
@@ -1 +0,0 @@
-Add option to skip unit tests when building Debian packages.
diff --git a/synapse/__init__.py b/synapse/__init__.py
index 1d2883acf6..125a73d378 100644
--- a/synapse/__init__.py
+++ b/synapse/__init__.py
@@ -48,7 +48,7 @@ try:
 except ImportError:
     pass
 
-__version__ = "1.31.0"
+__version__ = "1.32.0rc1"
 
 if bool(os.environ.get("SYNAPSE_TEST_PATCH_LOG_CONTEXTS", False)):
     # We import here so that we don't have to install a bunch of deps when