Our own formal club has my support.

I do not think audited accounts for such a simple Ltd company would be very expensive. I have seen such work done in trade bodies I have been a director of for £200-300 per year. I am sure there must be qualified accountants amongst our members who could find someone to do the work if they were not willing to do it themselves. I would also be surprised if we did not have someone with a legal background out there somewhere.

I am a Fellow of the Institute of Directors and have held many Directorships of commercial and charity organisations and I have been a trustee of pension schemes all carry some degree of personal risk but all are manageable, and therefore acceptable, with sensible governance and relevant insurance.

We would only need a small number of directors to volunteer - here is my virtual hand going up.