The statement that is NOT TRUE about the English Reformation is:
"It initiated the development of the 95 Theses."
The 95 Theses were actually written by Martin Luther in 1517 and are associated with the Protestant Reformation in Germany, not the English Reformation initiated by Henry VIII. The English Reformation primarily revolved around issues related to Henry VIII's marriage and his desire to separate from the Catholic Church, but it was distinct from the events and ideas that led to Luther's 95 Theses.