Appreciated
This is really good stuff, thanks all. I am going to give the above points some serious thought, and some very useful points there. The comments will certainly be influencing my actions, so many thanks for taking the time to input so far !
It is clear that there needs to be some big changes very soon. The lack of financial admin is just not on when you're dealing with significant amounts of other people's hard earned cash. Moving to a group account which is not a personal account of one member will be a good start.
The minimums are in place (insurance, maintenance etc). I've checked.
I look forward to reading more posts - this is really helpful.