8. Managing Money 8.1 Setting up a financial system 8.2 Setting a budget 8.3 Full cost recovery 8.4 Monitoring expenditure and budget 8.5 Financial controls 8.6 Annual accounts and audit 8.7 VAT 8.8 Payroll 8.9 Reserves 8.10 Pensions 8.11 Avoiding fraud 8.12 Ensuring you have a good reserve policy 8.13 How reserves should be invested 8.14 How to write a good investment policy