Loan from shareholders to be written off

Company is a 'non-profit'  making company.

Four years ago due to fraud by an employee each of the 60 shareholders give the company £300 to continue which has been shown as a creditor in the accounts to be repaid if the employee repaid the money.

It is clear that this is now not going to happen so the shareholders are happy for the debt to be written off. I'm not quite sure what the accounting entries would be or the reporting requirements.

 

Thanks

Jack