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Charity status is different to legal structure, companies can be registered as charities though I'm not sure if that would be possible or suitable here, as charities can be established only if their work is for charitable purposes – possibly being a community interest company (CIC) could be a good idea, as well as not having that requirement (and regulation) there's more operational freedom for the directors.
(I'm on the board of one charity and have been on another previously, and) I'd have thought the best structure would be a private company limited by guarantee (not one having share capital), and explore whether the asset lock (or other features of a CIC) are desirable and whether people think the community interest test can be passed.
Edit: jaitch posted while I was distracted mid-reply but will leave it here
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topinio
Reading through here, and I am not an expert, but is there not cause to register as a charity rather than a company?
Hell, the community here is a anchor point for many - I believe there might be less risk exposure that way