My children's school ran a great small bonfire and fireworks night that was well attended and received (and raised funds for the PTA/school).
Sadly after a conversation with the school's insurance company, we haven't been able to run one since due to the cost of cover.
Given the incident widely reported incident here in the UK, some years ago, I think people are more aware of the risk that running one of these events entails: https://en.wikipedia.org/wiki/2011_M5_motorway_crash#:~:text...