Armed forces · Reg 1093529
Armed Forces Common Investment Fund
Clarity score
Poor
Historical financial rating & register information
15/100 Clarity Score · 2 stars · Charity Commission filings · How we score
Register checked 4 October 2026 · latest accounts 2019
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Quick answer
Is Armed Forces Common Investment Fund a good charity?
Armed Forces Common Investment Fund scores 15/100 (2 stars, Poor) on CharityCompare's Clarity Score, calculated from its UK regulator filings. Its latest accounts year is 2019 (£13m total income, cause-spend split not disclosed). This reflects financial transparency and stewardship on paper — not the real-world impact of its programmes. See the full breakdown.
Income
£13m
Accounts 2019-03-31
Spending
£14m
Accounts 2019-03-31
Charitable activities
Not disclosed
No separate spending figure
Accounts filing
Missing
Check register
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What does Armed Forces Common Investment Fund do?
Armed Forces Common Investment Fund is listed as a registered charity (no. 1093529) with Charity Commission (England & Wales), categorised under armed forces in our directory. Check its official activity statement for its purpose and service area. Its recent Charity Commission filings show it does not disclose a charitable-activities spend split in recent filings, though accounts are currently overdue or missing. CharityCompare's Clarity Score uses public regulator filings to assess reporting and financial stewardship. It does not measure the quality or impact of its programmes.
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How much does Armed Forces Common Investment Fund raise and spend?
Accounts period 2018-04-01 to 2019-03-31 · Source: Charity Commission filings
| Category | Amount | % of spend |
|---|---|---|
| Total income | £13m | — |
| Total expenditure | £14m | — |
| Charitable activities | Not disclosed | — |
Where does the money go?
Latest accounts (2019) · £14m spent. Not disclosed in this filing — the Charity Commission return omits the charitable-activities split.
From the annual return
What does Armed Forces Common Investment Fund pay its staff, and where does its money come from?
Answers Armed Forces Common Investment Fund gave in its annual return to the Charity Commission, plus its register entry. These are the charity's own disclosures, not part of the Clarity Score.
Registration details
- Registered as a charity
- Previous names on the register
- Army Common Investment Fund; Proposed Armed Services Common Investment Fund
- Where it says it operates
- Throughout England and Wales
Source: Charity Commission register and annual return data, Open Government Licence v3.0. A blank answer in the return is shown as not reported, never as “no”.
How have Armed Forces Common Investment Fund's finances changed over five years?
- Income
- Spending
- Cause spend
| Year | Income | Spending | Charitable activities |
|---|---|---|---|
| 2019 | £13m | £14m | Not disclosed |
Cause spend is plotted only when the filing discloses a split · Source: Charity Commission filings
How does Armed Forces Common Investment Fund compare?
The share of each group scoring at or below Armed Forces Common Investment Fund, including tied scores. A group matched on cause, income band and accounts year appears when at least ten records qualify. Broader groups below may mix reporting periods and operating models. Groups include this charity; percentiles measure our financial rating, not impact.
Scores at or above 0% of 930 charities in its income band · 15/100 vs 77 peer average.
Scores at or above 0% of 82 charities in this cause · 15/100 vs 72 peer average.
How does Armed Forces Common Investment Fund compare, and where else can you look?
Where Armed Forces Common Investment Fund sits
The causes this charity is classified under, and other charities working nearby.
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- UK Armed Forces Winter Sports Association 98/100 · £584k Compare these two →
- The Cart Shed Charity 97/100 · £538k Compare these two →
Evidence and interpretation
What the evidence says about Armed Forces Common Investment Fund
In 2019, reported income was £13,241,000 and expenditure was £14,475,000. Expenditure exceeded income by £1,234,000. This annual balance is not the charity’s available cash or unrestricted reserves.
More financial context
A separate charitable-activities spending figure is not available for this year in our dataset. We cannot calculate an annual programme-spending share from these fields.
Calculated from our dated accounts dataset, refreshed 2026-09-06. This is not an audit or a manual review of every filing. Original register and accounts · How calculations work.
Find the right support
Who it supports and how to access its work
Beneficiary classifications are not available in this profile’s source data.
Use the official contact details to check eligibility, referrals, waiting lists and current service coverage. Broad register classifications and a contact address do not confirm that a particular service is available to you.
Explore source-checked support routesClassifications supplied to the register; extract 2026-10-04. Register contact and activity details · Website listed for this charity
Look beyond the score
Results and impact evidence
We have not added a source-checked programme outcome for this charity. That is a gap in this profile, not evidence that the charity has no impact. Its annual report may contain results that have not been assessed here.
What these results can tell you
Counts of services delivered describe activity. They do not by themselves establish lasting change, what would have happened without the programme, or cost-effectiveness. Results with different definitions, populations or years should not be ranked against each other.
What is Armed Forces Common Investment Fund's Beacon report?
Detailed accountability and finance metrics from UK regulator filings — structured for transparency in our four-beacon report.
Accountability & Transparency
Baseline trust from filing discipline, board oversight, and declared governance policies.
38/100
| Metric | Score | Value |
|---|---|---|
| Filing history (5 years) No recorded lateness in available history = 15 pts · one late filing = 5 pts · two or more or unknown status = 0 pts. Missing data is not proof of late filing. | 0% | 0/15 pts |
| Trustee oversight Three or more trustees on the register = 15 pts, scaled down for fewer (governance red flag below three). | 100% | 3 trustees · 15/15 pts |
| Declared policies Safeguarding (4) · conflict of interest (3) · volunteer management (3) — from Charity Commission annual return. | 0% | 0/10 pts |
Financial Health
Stability and solvency — reserves, revenue trend, and debt from Charity Commission accounts.
0/100
| Metric | Score | Value |
|---|---|---|
| Reserves (months of expenditure) 3–24 months = full marks, tapering on both sides · 0 months or 4+ years = 0 pts. Reserves are not necessarily cash; needs vary by operating model. | 0% | Not stated · 0/15 pts |
| Income stability / growth +20% or more over the window = 10 pts · flat = 5 pts · −20% or worse = 0 pts, scaled between. | 0% | 0/10 pts · Latest year |
| Liabilities to assets 0% liabilities-to-assets = 5 pts, scaling down to 0 pts at 60%+ debt. | 0% | Not stated · 0/5 pts |
Financial Efficiency
How efficiently funds reach the cause — program spend and fundraising cost ratios.
0/100
| Metric | Score | Value |
|---|---|---|
| Program expense ratio 90%+ on charitable activities = full marks, scaling down to 0 pts at 50% or below. | 0% | Not stated · 0/10 pts |
| Fundraising efficiency ≤10p to raise £1 = full marks, scaling down to 0 pts at 40p or above (fundraising cost ÷ income). | 0% | Not stated · 0/10 pts |
Community Support
Grassroots backing from Charity Commission workforce data — volunteers vs paid staff.
0/100
| Metric | Score | Value |
|---|---|---|
| Volunteer-to-staff ratio Volunteers at 2x staff or more = full marks · no volunteers = 0 pts, scaled between. | 0% | Not reported · 0/10 pts |
What trust indicators does Armed Forces Common Investment Fund have?
Pulled from the Charity Commission register — filing behaviour, board size, and workforce where reported.
-
Accounts filed on time
Filing status: missing
-
Trustee board size (3–12)
3 trustees on the Charity Commission register
Fundraising Regulator
Status not yet checked
Separate from our financial scores. Registration records a commitment to the Code of Fundraising Practice; it does not certify every fundraising activity.
Check Fundraising Regulator →Official register
Reg 1093529
Full trustee list, accounts, and regulatory history on the Charity Commission.
View on Charity Commission →Trustees & officers
- Armed Forces Charities Advisory Company
- Bny Mellon Trust & Depositary (UK) Limited since 2012
- Blackrock Fund Managers Limited
How reliable is Armed Forces Common Investment Fund's data?
- Source
- Charity Commission (England & Wales)
- Accounts year
- 2019
- Filing date
- —
- Data refreshed
Low confidence — key filing data unavailable
Scores reflect the accounts in our dated data extract. The live register may contain newer filings. Clarity Score measures how clearly the charity accounts for money in those filings — not programme impact.
Check the current register entry · Report a data correction
Financial source extract: 2026-09-06. Organisation identifier: 3985542. Method version: 1.1. View method changes.
Contains public sector information licensed under the Open Government Licence v3.0. Sources: Charity Commission for England and Wales, Office of the Scottish Charity Regulator and Charity Commission for Northern Ireland. Open Government Licence v3.0 .
Your donation decision
What should you check before donating to Armed Forces Common Investment Fund?
-
1. Match the name and charity number
Check 1093529 on the official register. A real charity number alone does not prove that a fundraiser or appeal is authentic.
Verify the registration → -
2. Read the accounts in context
Our latest accounts data covers 2019. Compare the accounts period, spending and reserves. An administration cost ratio alone cannot tell you how effective a charity is.
Explore the financial evidence → -
3. Look for evidence of results
Read the trustees’ annual report for activities, outcomes and limitations. The Clarity Score measures public reporting; it does not establish the impact of a donation.
How to read charity accounts → -
4. Compare charities serving your cause
Compare up to four charities, check the dates behind their figures, and decide which work you want to support. Complete your donation through a verified charity channel.
Start a comparison with Armed Forces Common Investment Fund →
How we score charities +
The Clarity Score is a 100-point rating from UK regulator filings (Charity Commission for England and Wales, OSCR and CCNI). Four pillars — Accountability & Transparency (40), Financial Health (30), Financial Efficiency (20), and Community Support (10) — each scored on a continuous scale, not pass/fail cutoffs. A statutory inquiry sets the score to 0 automatically.
Accountability & Transparency
Scored from filings
40 points — filing history (15), trustee oversight (15, scaling up to a board of three or more), declared policies (10).
Financial Health
Scored from filings
30 points — reserves (15, full marks 3–24 months, tapering on both sides), income stability (10), liabilities to assets (5, scaling down as debt rises).
Financial Efficiency
Scored from filings
20 points — program expense ratio and fundraising cost, each on a graduated scale (not a single cutoff). Kept at 20% of the total: financial-ratio scoring alone is not a reliable effectiveness signal (see "why not just an overhead ratio?" below).
Community Support
Scored from filings
10 points — volunteer-to-staff ratio from Charity Commission workforce data, scaling continuously up to a 2:1 ratio.
Overall score
Sum of all pillar points. Display stars use the same bands as the labels: 90–100 → 5★ Exceptional; 75–89 → 4★ Good; 60–74 → 3★ Needs improvement; 1–59 → 2★ Poor; 0 → not rated.
How can you share Armed Forces Common Investment Fund's rating?
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What red flags does Armed Forces Common Investment Fund have?
Frequently asked questions
Common questions about Armed Forces Common Investment Fund's rating, finances, and Charity Commission status.
Is Armed Forces Common Investment Fund a good charity? +
Armed Forces Common Investment Fund scores 15 out of 100 (2 stars — Poor) on CharityCompare's Clarity Score, our independent read of its UK regulator filings. Its recent filings do not disclose a charitable-activities spend split and its accounts are missing. That reflects how transparent and financially healthy it looks on paper — it does not measure the real-world impact of its work, so treat it as one factor alongside the cause you care about. CharityCompare never tells you where to donate.
Is Armed Forces Common Investment Fund a legitimate charity? +
The register data used for this profile lists Armed Forces Common Investment Fund as a registered charity (charity number 1093529). Verify it on the official register: https://register-of-charities.charitycommission.gov.uk/charity-details/?regId=1093529&subId=0. Check the current entry and the identity of anyone requesting money. Registration does not verify a particular appeal; Clarity Score summarises filing transparency, not programme impact.
What is Armed Forces Common Investment Fund's charity number? +
Armed Forces Common Investment Fund's charity number is 1093529. Check that number on the official register (Charity Commission, OSCR or CCNI) or this CharityCompare profile before you donate — scammers sometimes reuse real numbers on fake appeals.
What is Armed Forces Common Investment Fund's charity rating? +
Armed Forces Common Investment Fund scores 15 out of 100 on CharityCompare (2 stars — Poor). The Clarity Score (method v1.1) sums four pillars from UK regulator filings: Accountability & Transparency (40 pts), Financial Health (30), Financial Efficiency (20), and Community Support (10). Stars use the same bands as those labels — 90+ is 5★ Exceptional. It is not an impact ranking.
Does Armed Forces Common Investment Fund have reviews and complaints? +
CharityCompare does not host public user reviews for Armed Forces Common Investment Fund. Instead you get a filing-based Clarity Score, cause spend, reserves and red flags such as late accounts (one red flag on this profile: poor filing history). For formal complaints about a charity, contact the Charity Commission, OSCR, CCNI or the Fundraising Regulator as appropriate.
How much of my donation reaches Armed Forces Common Investment Fund? +
Armed Forces Common Investment Fund does not disclose a charitable-activities spend split in its recent UK regulator filings, so there is no official figure for how much of a donation reaches the cause. CharityCompare reports this as "not disclosed" rather than assuming a number.
What are Armed Forces Common Investment Fund's overheads? +
Armed Forces Common Investment Fund's recent UK regulator filings do not disclose a fundraising or governance cost split, so no official overhead percentage is available. The register does not show individual salaries; senior pay is disclosed in the trustees' annual report and accounts.
How much income does Armed Forces Common Investment Fund receive? +
Armed Forces Common Investment Fund reported £13m total income in its 2019 accounts, based on UK regulator filings. Five-year trend: limited history.
Are Armed Forces Common Investment Fund's accounts up to date? +
Filing status: missing. CharityCompare flags late or missing accounts separately from the financial score.
Where is Armed Forces Common Investment Fund based? +
Armed Forces Common Investment Fund's registered contact address is in London (EC2N 2DL). It tells the regulator it operates in England and Wales, with a focus on armed forces.
What was Armed Forces Common Investment Fund previously called? +
The register lists these previous names for Armed Forces Common Investment Fund: Army Common Investment Fund; Proposed Armed Services Common Investment Fund.
When was Armed Forces Common Investment Fund registered as a charity? +
Armed Forces Common Investment Fund was entered on the register on 22 August 2002.
How does CharityCompare score Armed Forces Common Investment Fund? +
We calculate a Clarity Score of 0–100 from four pillars in Armed Forces Common Investment Fund's regulator filings: Accountability & Transparency (40 points — filing history, trustees, policies), Financial Health (30 — reserves, income trend, debt), Financial Efficiency (20 — cause spend and fundraising cost, on a graduated scale) and Community Support (10 — volunteer-to-staff ratio). An open statutory inquiry scores 0. The score measures reporting on paper, not programme impact. CharityCompare is free for donors, takes no commission on donations, and scores cannot be bought.
How often is this page updated? +
This profile was last updated on 6 September 2026 from the latest UK regulator data available to CharityCompare, and Armed Forces Common Investment Fund's most recent accounts cover 2019. Scores and figures refresh whenever we re-ingest the register, so the page reflects our latest data pull rather than a one-off review.