… requires an annual review to reassess the risks, and changes in IIED’s income, financial obligations and expenditure. The policy was … free reserves would be between £2.2m and £2.8m. The free reserves of IIED, excluding the net value of leasehold improvements, and comprising … allowing flexibility in accessing funds. Plans for future periods IIED’s strategy for 2014-19, Engaging for Change , is ambitious, …