The ESFA said it expected that, for the very great majority of academy trusts, the level of reserves was either reasonable or, where the level on the face of it looked high, the amounts were being held for a particular purpose to support the needs of the pupils. The Department confirmed that it tried to take action where it thought academy trusts were building up reserves that were not sensible and reasonable.30 However, we note that the Department does not have information on whether academy trusts have earmarked reserves for particular projects.31 28 Qq 46–47, 51; C&AG’s Report, para 10 29 Q 47 30 Qq 47, 51 31 C&AG’s Report, para 1.25 Financial sustainability of schools in England 11 2 Impact of financial pressures on schools’ provision Schools’ responses to financial pressures