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2024-12-31-accounts

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FRIENDS OF LAMBETH PALACE LIBRARY ANNUAL GENERAL MEETING

The Great Hall, Lambeth Palace Wednesday 14th May 2025 at 2pm (AGM) and 2.30pm (Lecture)

Admission via Mortons Tower, Lambeth Palace Road, SE1 7JU. Please allow 15 minutes to reach your seat.

AGENDA

  1. The Acting Chairman, Richard Linenthal, to open the Annual General Meeting.

  2. Minutes of the last Annual General Meeting, 14th June 2024.

  3. The Acting Chairman to propose the instruction of a new Charitable Incorporated Organisation.

  4. Dr Mark Byford to report on the accounts.

  5. The Acting Chairman of the Friends to move the adoption of the 2024 report and financial statements on behalf of the Trustees.

  6. The Acting Chairman to propose the reappointment of Mr Gregory Stevenson, FCA, of Knox Cropper, Chartered Accountants, 65 Leadenhall Street, London EC3A 2AD, as independent examiner.

  7. The Head of the Library, Pip Willcox, to report on current work in the Library.

  8. Any other business.

  9. The Acting Chairman to introduce the speakers, Dr Sarah Griffin and Dr Megan McNamee.

  10. The Acting Chairman to adjourn the meeting for tea.

If you wish to attend, please email libraryfriends@churchofengland.org or call 020 7898 1400 no later than 8th May.

The AGM will also be available via Zoom for those who cannot attend in person.

For further information about Friends’ events and visits, please see www.lambethpalacelibrary.info/about-lambeth-palace-library/friends-of-lambethpalace-library/

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FRIENDS OF LAMBETH PALACE LIBRARY

London SE1 7JT

(founded 1964) Charity registration number 313023

President

His Grace the Archbishop of Canterbury

Vice-Presidents

Viscount Bridgeman, CA The Marquess of Salisbury, KG, KCVO, PC, DL Charles Sebag-Montefiore, MA, FCA, FSA

Trustees

Robert Preece, FCA (Treasurer, until March 2024) Mark Byford, MA, DPhil Richard Linenthal, BA, FSA Karen Brookfield, MA (since June 2024)

Honorary Members

The Rt. Hon. Lord Carey of Clifton, PC, FRSA, FKC The Rt. Revd. and Rt. Hon. Baron Williams of Oystermouth, PC, FBA, FRSL, FLSW

Independent Examiner

Greg Stevenson, FCA Knox Cropper LLP 65 Leadenhall Street, London EC3A 2AD

Investment Advisers

Cazenove Capital Management Limited 1 London Wall Place, London EC2Y 5AU

Membership Accountant and Secretary

Paul Celerier, FCA

Email: LibraryFriends@churchofengland.org Website: www.lambethpalacelibrary.info/about-lambeth-palacelibrary/friends-of-lambeth-palace-library/

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REPORT OF THE TRUSTEES OF THE FRIENDS OF LAMBETH PALACE LIBRARY FOR 2024

The Trustees, who comprise the Executive Committee, present the annual report and the financial statements of the Friends of Lambeth Palace Library (the ‘Charity’ or the ‘Friends’) for the year ended 31 December 2024. Reference and administrative details of the Charity, its Trustees and advisers are set out on the previous page.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The Charity was constituted by a set of rules adopted at the first Annual General Meeting held on 1 June 1964 and amended in 1985 and 1987. A revised constitution was adopted at the Annual General Meeting held on 12 June 2013. The Charity is registered with the Charity Commission as number 313023.

Trustees

The Trustees of the Charity are the Chairman, Honorary Treasurer and Honorary Secretary, together with up to seven other trustees.

The Chairman, Honorary Treasurer and Trustees are elected at the annual general meeting for a term of three years. The Librarian of Lambeth Palace Library is ex officio Secretary of the Charity and a Trustee. Candidates for Trusteeship are proposed by the Executive Committee or members of the Charity from their personal or professional contacts who are knowledgeable in the fields falling within the Charity’s scope, or who have knowledge or experience which can help the Charity to achieve its objectives.

No formal procedures have been put in place for the induction or training of Trustees as they have not been considered necessary, having regard to the criteria exercised in the selection of candidates for election and the professional standing of the ex officio members. Ad hoc measures will be taken whenever necessary.

The names of the Trustees at the date of this report are set out on page 2.

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Trustees’ responsibilities

The Trustees are responsible for managing the affairs of the Charity and administering its funds and assets within the framework of any general policies agreed at an annual general meeting.

The Trustees are required to prepare annual financial Kingdom accounting standards. In preparing those statements, the Trustees:

The Trustees are responsible for keeping proper accounting records which disclose the financial transactions and the assets and liabilities of the Charity with reasonable accuracy. They are also responsible for safeguarding the assets of the Charity and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Risk management

The Trustees have identified the principal risks that might have an effect on the Charity and believe that appropriate action has been taken to manage them. The Trustees will continue to keep under review the adequacy of the procedures in place.

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OBJECTIVES AND ACTIVITIES

The primary object of the Charity is to promote the interests of Lambeth Palace Library by helping in the acquisition of printed books and manuscripts and in any other suitable way. The Charity aimed to take forward the merger with the Lambeth Palace Library Trust

The Charity aims to achieve these objects through making grants, thus enabling Lambeth Palace Library to obtain items for their collections which would otherwise be unaffordable, to catalogue and conserve the collection and by helping in other suitable ways.

The Charity is a public benefit entity. Lambeth Palace Library is open to the public, such that scholars, researchers and historians can use the printed books and manuscripts acquired with the help of grants from the Charity. The public benefit is also achieved through making grants towards the conservation and cataloguing of the collections, which helps to make them more accessible. The Trustees have had regard to Charity Commission guidance on public benefit.

Grant-making policies

All grants are given to Lambeth Palace Library as defined in ‘Objectives and Activities’ above.

The Charity’s two main criteria when awarding grants for acquisitions are the historical, literary and other qualities of the proposed acquisition and its significance to the collection. Price, condition and provenance are also taken into account. The criteria for grants for cataloguing and conservation are given on the merits of the particular part of the Library’s collection.

The Trustees have given careful consideration to the Charity Commission’s guidance on public benefit and are satisfied that its established grant-making policies meet those requirements.

Main objectives for 2024

The Charity’s main objective for 2024 was to make further grants from the Operating Fund totalling no more than £60,000 unless significant legacies or exceptional donations are received.

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The Charity also aimed to continue to increase its membership, and thus its income, through the distribution of its membership leaflet to all visitors to the Library and through the Library’s website, as well as by pursuing other initiatives and events for potential members and benefactors.

Merger with Lambeth Palace Library Trust

Trustees continued to work towards the merger with Lambeth Palace Library Trust. The two Charities jointly appointed Womble Bond Dickinson to undertake legal work to create the new Charitable Incorporated Organisation and to register it with the Charity Commission

ACHIEVEMENTS AND PERFORMANCE

Grants

Details of the grants made or committed to by the Charity in 2024 are given on pages 12 to 13. Grants of £33,897 (2023: £30,708.81 ) were made to the Library. This included a grant of £6,000 towards the Library's exhibition 'Unfolding Time' in early 2025, and £7,000 for further cataloguing of the Act Books of the Court of Arches, being undertaken by Richard Palmer

Main objectives for 2025

The Charity has two main objectives for 2025: subject to approval from Members, to conclude the merger with the Lambeth Palace Library Trust and begin operating as the new Charitable Incorporated Organisation; and in the meantime to continue to make grants from the Operating Fund to support the work of the Library.

The Charity also aims to continue to increase its membership, and thus its income, through the distribution of its membership leaflet to all visitors to the Library and through the Library’s website, as well as by pursuing other initiatives and events for potential members and benefactors.

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We warmly welcome the following members who joined the Society in 2024:

Dr Anthony Freeman (Joint) Ms Clare Marshall Mr Nicholas Bustin Mrs Mira Osmond Mr Robin Hughes (Joint) Miss Mary Ellis Mrs Julie Feeney Mrs Christine Latimer Mrs Pamela McHutchon Mr Andrew Cunningham Mr Julian Adams Mr Jeremy Bruce Mr Thomas Wou

We report with regret the deaths of the following members:

Lady Harriet Tennant Mr Frank Field (Life member) Mr John Lancaster (Life member) Mr Mossman Roueché (prev. chairman) Lord Cormack Sir Matthew Farrer, GCVO (Life member) Mr Mark Santer Professor C. Michael Kauffmann (2023) Sir Brian Jenkins, GBE

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MEMBERSHIP

ANNUAL GENERAL MEETING

The sixtieth annual meeting of the Friends of Lambeth Palace Library was held in the Bancroft Room at Lambeth Palace Library on Friday 14 June 2024.

The Acting Chairman, Richard Linenthal opened the meeting by welcoming the Friends. He thanked the Head of the Library, Pip Wilcox, the Library administrator, Lucy Pinkney, and the staff of the library for the help and support that they give the Friends. He thanked the staff for the display of acquisitions that the Friends have helped acquire over the last 60 years which took place in the reading room before the meeting. He noted that this was only one way in which the Friends have helped the library since they were founded 60 years ago.

He welcomed the new Friends and asked the meeting to remember those Friends that have passed away in the last year. He paid respects to Lady Harriet Tennant who passed away in January and the work that she had done for the Friends over the years, particularly her work on the Friends committee on which she served for many years. He also paid tribute to John Critchley, the Visits Secretary, and his work on behalf of the Friends.

He noted that the merger of the Friends and Trustees of Lambeth Palace Library has still not occurred, but that progress had been made with this important and complex matter and that a legal firm had been engaged to help with the process. He reported that one consequence of the delay in the merger was that the Friends were now without a Chair and a Treasurer. He thanked Lord Chartres the former chair for his work and thanked Mr Robert Preece for his service and for preparing the accounts. He said that several avenues would be explored to fill the vacancies. He asked that if any of the Friends were interested in the Treasurers post that they ask a member of the committee for details.

Richard Linenthal proposed that the minutes of the AGM held on 23 June 2023 be accepted as a true record. His proposal was seconded, and the meeting accepted the minutes as a true record of the meeting.

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The business of the meeting moved on the election of Trustees of the Friends. Ms Karen Brookfield was elected as a Trustee and Dr Mark Byford was re-elected.

Karen Brookfield took the opportunity to introduce herself to the Friends. She gave a summary of her career at the British Library and the National Heritage Lottery Fund. She thanked the Friends for their support and said that serving on the committee of the Friends would be an honour.

Dr Mark Byford reported on the accounts. He thanked Robert Preece for preparing the accounts and said that the finances were in a healthy state. While income from subscriptions was down, income in other areas including legacies was up and that expenses were flat. There was a yield on assets of a little under 3.5% and that there had been a surplus before investment gains of £68,852. He reported that in 2023 49 grants were made totalling £30,709.

The Acting Chairman of the Friends, Richard Linenthal moved the adoption of the 2023 report and financial statements on behalf of the Trustees. Several typographical errors were noted, and the 2023 financial report and statements were accepted subject to these errors being corrected.

The Acting Chairman proposed the reappointment of Mr Gregory Stevenson, FCA, of Knox Cropper, Chartered Accountants, 65 Leadenhall Street, London EC3A 2AD, as independent examiner. The proposal was seconded, and Mr Gregory Stevenson was reappointed as independent examiner.

The Librarian and Archivist, Pip Willcox, reported on current work in the library. She said that it was an honour to be speaking to the Friends and thanked them for all the support that they have given Lambeth Palace Library over the past 60 years. She hoped that they had enjoyed the display of acquisitions the Friends had help make in the reading room and noted that the books on display accounted for less than three percent of the items which the Friends have helped buy.

She noted that this was her first Friends AGM and that she thought

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that she should introduce herself. She gave an account of her career thus far, including her work at the Bodleian Library and the National Archives and her interest in the digital humanities.

She noted, that as ever, it had been a busy year at the library. There was a successful exhibition on Cardinal Pole in conjunction with New College, Oxford. She encouraged the Friends to visit the current exhibition Women and the Church of England and drew attention the forthcoming exhibitions Her Booke and Building on Cathedrals taking place later this year and Unfolding Time taking place early in 2025. She reported that the library staff had helped the Anglican Centre in Rome with their recent exhibition of the John Moorman.

There had been a successful programme of talks, seminars, and lectures during the year, as well as classes. The library has also hosted numerous placement students, notably MA students from UCL on the Archives and Librarianship courses. Over 1,900 readers used the reading room and thousands more visited for tours or to view the exhibitions.

She reported that there had been substantial progress in cataloguing the collections over the year with over 5,000 Sion College Library books being catalogued. As regards the archival collections, progress has been made cataloguing the archives of Churches Together in Britain and Ireland the papers of Archbishop Carey, and the Court of Arches.

The Collections Care team have been busy working on the Court of Arches and will soon be starting work on the library’s collection of Parsonage Plans and the Sion College Library Collection. She noted that there is a programme to digitise our Red Star manuscripts as well as to conserve them that is supported by the Friends of Lambeth Palace Library.

She thanked Friends for their continued support and the committee for all the work that they do. She thanked the Commissioners and Michael Minta, the Director of Bishoprics and Cathedrals, and Lambeth Palace Library for their support. She said that it was a privilege to be entrusted with the care of the library and its collections.

After thanking Pip, Richard Linenthal asked if the Friends had any

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other business that they wanted to discuss.

Mr Declan Kelly asked when the annual reviews for recent years might be published. Richard Linenthal agreed that it was an unsatisfactory situation but that there was a plan to publish the missing years.

The Acting Chairman introduced the speaker, Professor Michael Wheeler, who was to speak about the diaries of William Gladstone.

After the talk and questions, the Acting Chairman thanked Professor Wheeler and adjourned the meeting for tea.

Acquisition: Detail of a coloured fore-edge painting of the view from Magdalen Bridge in Oxford from a recently acquired Book of Common Prayer from 1748.

To find out about more acquisitions in 2024, please see pages 14-18.

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GRANTS TO LAMBETH PALACE LIBRARY IN 2024

For the purchase of acquisitions £
Sermons and prayers of Francis Cheynell, c1635 3,800.00
Sanderson, Robert.Logicae artis compendium(Oxford, 1680) 250.00
George II, Acts. “An Act to enable the South Sea Company, with the 450.00
License and Consent of the East India Company, to take in Negroes
within their Limites of Trade, and deliver the same at Buenos
Ayres.” (London, 1727)
Weston, James.The Book of Common Prayer in Short Hand, according 200.00
to Mr. Weston’s Excellent Method. (London, 1730).
Ross-Lewis, George. Notes Upon English Church History. (Darlington, 24.00
1880)
Fisher, John Philadelphus. A Concordance to the Holy Scriptures 76.00
(Paisley, 1799)
Durel, John.La liturgie, c’est a dire, Le formulaire des prieres 175.00
publiques, de l’administration des sacremens, et des autres ceremonies
& coutumes de l’Eglise, selon l’usage de l’eglise Anglicaine.(London,
1688)
Sherlock, William.A Practical Discourse Concerning Death. (London, 46.00
1690)
The Book of Common Prayer and Administration of the Sacraments 200.00
(London, 1870)
Newman, John Henry.Apologia pro via sua. (London, 1921) 50.00
Slayter, William, with engravings after Van Langeren and Hollar, Set of 380.00
17th century Biblical engravings gathered into a 19th century binding,
c. 1635.
19th Century Quran & 18th Century Memo Book 10,450.00
18th Century Hymn Book 253.00
An order for the burial of baptised infants and young children(Lahore, 525.00
1912) with a further thirteen forms of service for use in the diocese of
Truro; Cave-Browne, Rev. J.,The chôta nagpore mission to the kôls.
(London, 1871)
Andrewes, Lancelot.Scala coeli. Nineteen sermons concerning prayer. 1,750.00
(London, 1611
Erasmus, Desiderius.Modus Orandi Deum(Leiden, 1641) 400.00

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Beza, Theodore.Novum testamentum domini nostri Iesu Christi inter- 638.48
prete Theodoro Beza. (Cambridge, 1666)
Book of Common Prayer and Administration of the Sacraments(Oxford, 550.00
1748)
Matthews, C. H. S.The Cross and the Eucharist. (London, 1919) 30.00
James Leach.A new sett of hymns and psalm tunes, adapted for the 200.00
use of churches, chapels, and Sunday schools, with accompaniments, &
a thoro’ bass, the whole figured for the organ, harpsichord or piano-
forte.(London, 1790s)
Ad clerum, c. late 19th century 450.00
For cataloguing and other services
Cataloguing the Act Books of the Court of Arches, Arches A23-26. 7,000.00
LPLFT(24)02
Part funding Lambeth Palace Library "Unfolding Time Exhibi- 6,000.00
tion" (February 2025)
—————
Total grants given for the year 33,897.48
—————
—————

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ACCESSIONS 2024

Archive and Manuscripts

The Friends have assisted the Library with the acquisition of 5 items to join the archives and manuscripts in 2024.

The earliest item is an autograph volume of sermons and prayers of Francis Cheynell (1608–1665), dating from c.1635 (L-2024-8). Cheynell was an Anglican clergyman in various parishes before being removed in the 1630s on account of his opposition to Archbishop Laud. The authorship of the volume is based on references in the prayers to Cheynell’s uncle, Sir Gervase Clifford, “noble encourager of my studyes”, and to Merton College where Cheynell was elected fellow in 1629. He was later instituted to Petworth, Sussex, and favoured the Parliamentary cause, producing several pamphlets outlining his theology, and was also an army chaplain. At the Restoration, Cheynell was ejected from Petworth. The acquisition of this item will complement the Library’s existing records of the Church in the period during and leading up to the Commonwealth.

The Library acquired two items from the eighteenth century, a ‘Manual of Christian duty’ and a notebook of hymn and psalm tunes. The manual (L-2024-16) was written in 1752 by Thomas Winstanley, absentee Rector of Llenwanerth in Monmouthshire from 1752 to 1758, and given to a Caroline Armitage. Although the author went on to publish a fuller work in the same area (which the Library doesn’t hold), the simplicity and brevity of this guide reflect its intended readership: someone the author saw as ‘in business’ with little time and ‘no great achievements’. The notebook of hymn and psalm tunes (L-2024-18) is inscribed 'John Spicer's book February 10th 1776’. This item adds to others in the collection relating to 18th-century church music, such as the James Leach volume of hymns and psalms which the Friends kindly purchased last year. Although many of the hymn tunes mentioned in the contents are commonplace, some do not obviously feature in the standard hymn tune index. One such entry is listed as ‘Prelleurs’, and probably refers to the Huguenot organist of Christ Church, Spitalfields, providing a link to the Library’s other Huguenot records.

Joseph Barclay (1831–1881) was Anglican bishop of Jerusalem and a keen advocate of missionary work amongst Jews. The Library purchased a Qur’an, dated to AH 1243 (1827–8 AD), that had been presented to Barclay during his lifetime, and which complements our

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existing material relating to Barclay and other bishops of Jerusalem. The volume (L-2024-16) adds another perspective on the existence of Qur’ans in our collection, acquired for different reasons, such as to aid the study of the Old Testament or to refute Islamic teaching. The circumstances under which Barclay acquired the Qur’an are unknown but he had a strong interest in learning the languages of the other cultures with which he worked.

A light-hearted notebook from the 1900s has produced much entertainment. Titled , Ad Clerum - Don't , this somewhat tongue-incheek, illustrated manuscript was produced by the Priest/Organist of St. Matthews, Westminster, at the turn of the 20th century, John Bonham-Croft, and offers sage advice - presumably born of experience - to clergy on effective delivery of sermons and pastoral care (L-2024-29).

Rachel Freeman, Archivist

Qur’an, showing the initial surah, Al-Fatiha (The Opener), and the start of Al -Baqarah (The Cow); from the Library of Joseph Barclay (1831–1881), Anglican bishop of Jerusalem; L-2024-16.

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Printed Books

In 2024 a selection of rare, interesting, and sometimes unique items enter Lambeth Palace Library’s collections, both through individual gifts, and through the generous donations of the Friends of Lambeth Palace Library.

Books of Common Prayer continue to be one of our flagship collections, and in 2024 we acquired several interesting examples of this genre, including an 1870 edition bound in a so-called ‘Mauchline’ binding (see front and back cover). Mauchline ware binding, which takes the appearance of a binding made of heavily varnished and decorated wood, was originally developed in the Scottish town of Mauchline in order to bind souvenir books, but quickly became popular and spread to other genres. Another Book of Common Prayer, published in 1730, is made up entirely of engravings in James Weston’s shorthand method, which pre-dates Pitman by almost 100 years. We also acquired a Book of Common Prayer from 1748 that features a coloured fore-edge painting of the view from Magdalen Bridge in Oxford. Fore-edge paintings are relatively rare in our collections: this is our second!

This year also saw the acquisition of several unique items relating to the political turmoil of the 17th century. One item, a curious nonstandard pocketbook format collection of engravings, dates from c. 1635 and contains a dedication plate to King Charles I, in addition to other plates attributed to prolific engraver Iacob van Langeren and William Slayter, one-time chaplain to Anne of Denmark. Another item, which takes the form of three late seventeenth-century trial accounts bound up together, is a record of the turbulence of the 1680s leading up to the so-called Glorious Revolution. It includes an account of the Trial of the Seven Bishops, and another relating to the arraignment of Algernon Percy, implicated and executed for his participation in the Rye House Plot. Bound between the two is a fascinating first-hand manuscript account of the Trial of Henry Compton, Bishop of London, which differs from the original published text: our manuscript shows that the published testimony of the trial was considerably compressed and conflated, and the remarks of the trial commissioner, Lord Jeffreys, had been toned down from their original biased and hectoring tone. It was owned by Benjamin Fletcher, the colonial governor of New York from 16921697, and Pennsylvania in 1693. It was he who made the Church of England the official denomination in New York.

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Several other items joined the collection this year with significant provenance. One arrived thanks to the eagle eye of the booksellers at the National Trust bookshop at Nunnington Hall: would we like a copy of Cardinal Newman’s Apologia vita sua that was once owned by both Archbishop Michael Ramsey and liturgist Samuel Gurney? Upon closer inspection, Ramsey’s habit of inscribing his books with where and when the books were read tell a different story: he had read the book in France and Austria in 1924, and again in Asbeck, Germany, in 1930, and then again after a long gap in Helse in 1979. Gurney’s pencil note ‘Copenhagen, Jun 1935’ solves the mystery: he found the book in Denmark, and it returned to Lambeth with the rest of the Gurney gift in 1968. The then Archbishop Ramsey was reunited with his book, which he read again in 1979 before presumably being separated from it again. It has once again returned to Lambeth. We also acquired a 1641 copy of Erasmus’s Modus Orandi Deum with provenance from Daniel Wilson, the English Bishop of Calcutta from 1832, and first Metropolitan of India and Ceylon in the form of an inscription, ‘To George Frederic Weston from Daniel Calcutta June 16 1832’. This hints at a meeting between Wilson and Weston, who would later become Canon of Carlisle. Weston, born in Pentonville, was possibly a parishioner of Wilson’s at St. Mary’s Church Islington, where Wilson would have met the young Weston (aged then 13) and given him this book before his voyage to India.

We were also thrilled to receive a generous donation from the Revd Dr Nicholas Fisher, the first recipient of a Lambeth Doctorate after the scheme was rebranded ‘Lambeth Research Degrees in Theology’. His expertise on the religious tensions during the Restoration, particularly on Symon Patrick, Dean of Peterborough and Bishop of Chichester (1626-1707), led to a well-received lecture in 2022. In 2024, he offered a significant donation of material from his own personal collection of material by and related to Patrick, including early editions, sermons, a copy of The Truth of Christian Religion bound by the ‘Small Carnation Binder’, and a rare modern artists’ binding by Ivor Robinson. Currently in cataloguing, this collection offers a wealth of research potential to anyone interested in the late seventeenth century and its religious climate.

Another acquisition full of research potential is an extremely rare anonymous work by Lancelot Andrews (1555-1626) with an intriguing publication history. It was potentially published against Andrewes’ own wishes in 1611. A manuscript copy of the title page now held at The National Archives has been used as a license to print, but is dated 1609 – two years before the work’s publication.

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The license, which contains no reference to Andrewes’ involvement, reveals the original title of the work (Heaven Gate Opened) which has been crossed out and the present title (Scala coeli) added in a new hand – but the subtitle remains the same, identifying it as the same work. A second hand has written “Published by Nathaniel CarMichaell”, however Carmichael is not in stationers’ lists or otherwise identifiable, indicating a potential false claim of publication! The license also has a statement of suitability for print from Gabriel Powell, chaplain to Richard Vaughan (Bishop of London), also dated 1609 – while Vaughan died before the publication of this work, it appears Powell was continuing to approve books up until at least 1611.

We continue to be grateful to our Friends, donors, and supporters, and look forward to another year of successful acquisitions and donations in 2025.

Hugh Cahill, Senior Librarian

Morning Prayer from The Book of Common Prayer in Short-Hand According to Mr Weston’s Excellent Method (London, 1730

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TALK, LECTURES & EVENTS 2024

We had a full and varied programme of talks and lectures in 2024, many of which featured our collections.

March

Michael Questier (Durham University): Rome and the Anglicans – and their Histories of the Reformation

May

Charlie Rozier: Depicting Historical time in Anglo-Norman Manuscripts

June

Project Updates on Early Modern Religious History: Project Updates on Early Modern Religious History

July

Professor James Hendler: Artificial Intelligence and the Archive

September

AI in Cultural Heritage: A Series of Talks

Helen Smith (University of York): Early Modern Women and Printing

October

Huguenot records in Lambeth Palace Library: cataloguing complexity Dr Kathleen Kennedy: Archbishops and the Wycliffite Bible Julia King (LPL): Syon Abbey and cultures of women’s reading

December

The Restoration and Revival of Chichester Cathedral Library, 1670– 1735

Introduction to Archive Day at Lambeth Palace Library

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FINANCIAL REVIEW

Total income received in the year ended 31 December 2024 was £131,453 compared to the £114,424 received in 2023. Subscription income from members decreased by £557 from £15,157 to £14,600 reflecting changes in the membership. Donations and legacies in 2024 were £71,436 an increase of £14,807 on the £56,629 received in 2023. The Trustees gratefully acknowledge the generosity of all our benefactors, whose names are listed below, as well as to the many members who kindly pay subscriptions above the minimum level and those who have signed Gift Aid Declarations. Income from visits and events recorded a small deficit of £130 (2023: £1,215 surplus). Investment income was £43,335 (2023: £38,404).

Operating expenses in 2024 increased to £18,013 (2023: £14,863) including £2,400 legal fees re: the proposed merger (2023: £Nil). The investment manager’s fees were £6,202 a small increase from £6,003 for 2023.

All grants are given to Lambeth Palace Library to promote its interests by helping the acquisition of printed books and manuscripts, cataloguing, conservation and in any other suitable way. In 2024 the charity made 23 grants to the library amounting to £33,897 (2023: 49 grants amounting to £30,709).

21 grants (equivalent to £20,897) were made to facilitate acquisitions. The largest grant was £10,450 to buy a 19th Century Quran & 18th Century Memo Book. Grants totalling £13,000 were given towards cataloguing the Books of the Court of Arches, 16991714 and part funding the Lambeth Palace Library “Unfolding Time Exhibition”. A summary list of the grants made in the year is set out on pages 12 to 13.

After meeting the cost of all grants and operating expenditure, the Operating Fund recorded a surplus of £79,543 (2023: £68,852). No donations were received into the Endowment Fund (2023: nil).

After accounting for realised gains of £9,760 (2023: £6,368) and unrealised gains of £85,646 (2023: £35,487) on the investment portfolio, the net assets shown in the balance sheet as at 31 December 2024 increased by £174,949 to £1,564,115 (2023: £1,389,166). Net assets comprised the investment portfolio (at the year-end market value) of £1,320,180 (2023: £1,236,558) and net current assets, mostly cash, of £243,935 (2023: £152,608). The

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increase in cash reflects the surplus for the year. Further details of the investment portfolio are given in note 7 to the accounts.

The Trustees record with gratitude the generosity of those who gave donations during 2024 to the Friends of Lambeth Palace Library. The names of those who gave £100 or more are given below:

Notaries Society Marsh Christian Trust The Rowland Trust Peter Youatt

And legacies from:

Susan Easton Janet Wide

Acquisition: John Bonham-Croft, Ad Clerum - Don’t, (L-2024-29)

To find out about more acquisitions in 2024, please see pages 14-18.

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STATEMENT OF FINANCIAL ACTIVITIES

For the year ended 31 December 2024

Unrestricted
operating
Total Total
fund fund funds funds
Note 2024 2024 2024 2023
Unrestricted
operating
Total Total
fund fund funds funds
Note 2024 2024 2024 2023
Income from £
£
£
£
2 88,118
-
88,118
76,020
3 43,335
-
43,335
38,404
131,453
-
131,453
114,424
Charitable expenditure 33,897
-
33,897
30,709
Raising funds
5
6,202
-
6,202
6,003
Support costs
6
11,811
-
11,811
8,860
Total expenditure 51,910
-
51,910
45,572
Surplus before
investment gains
79,543
-
79,543
68,852
Net gains on investments
realized
7
-
9,760
9,760
6,368
unrealized
7
-
85,646
85,646
35,487
Net income 79,543
95,406
174,949
110,707
Transfer between funds -
-
-
-
Net movement in funds 79,543
95,406
174,949
110,707
Reconciliation of funds
Total funds brought
forward
571,215
817,951
1,389,166
1,278,459
Fund balances carried
forward
650,758
913,357
1,564,115
1,389,166

22

BALANCE SHEET

as at 31 December 2024


Note
31 December 2024 31 December 2023
£ £ £ £
31 December 2024 31 December 2023
£ £ £ £
31 December 2024 31 December 2023
£ £ £ £
31 December 2024 31 December 2023
£ £ £ £
Fixed assets
Investments
7
1,320,180 1,236,558
Current assets
Debtors and prepayments
5,067 3,566
Bank balances & deposits 251,836 157,958
256,903 161,524
Liabilities
8
Creditors falling due
within one year
(8,828) (3,636)
Life subscriptions
carried forward
(4,140) (5,280)
(12,968) (8,916)
Net current assets 243,935 152,608
Net assets ____
1,564,115
______
1,389,166
Representing
Endowment fund
11
913,357 817,951
Operating fund
12
650,758 571,215
____
1,564,115
______
1,389,166

Approved by the Trustees on 31st March 2024 and signed on their

Acting Chairman

Richard Linenthal

Honorary Treasurer

Michael Minta

23

FRIENDS OF LAMBETH PALACE LIBRARY NOTES TO THE ACCOUNTS

for the year ended 31 December 2024

1. Accounting policies

(a) Basis of accounting and assessment of going concern

The accounts have been prepared in accordance with the Charities SORP (FRS 102) “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland” and with regulations made under the Charities Act 2011. A summary of the more important accounting policies is set out below.

The accounts have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern nor any significant risk that uncertainty over estimates made for the purpose of these financial statements may cause a material adjustment to the carrying value of assets and liabilities.

The Charity is a public benefit entity.

(b) Income

Membership subscriptions are recognised upon receipt. Life subscriptions are treated as income evenly over ten years, starting with the year of their receipt. Dividends are recognised in the period in which the dividend becomes payable. Legacies are recognised in the period in which they are received or when there is probability of receipt. Other income is recognised in the period to which it relates. Donations for which no requirements are specified are recorded through the unrestricted Operating Fund.

(c) Expenditure

Expenditure is allocated between charitable activities, raising funds and support costs.

Expenditure on charitable activities comprises grants to Lambeth Palace Library for the purchase of printed books, manuscripts and other appropriate items, for cataloguing and for conservation. Such costs are charged to the unrestricted Operating Fund when they have been committed.

Expenditure on raising funds comprises the investment manager’s charges.

Support costs are those costs which are not attributable to a single activity but provide the necessary organisational support for all the Charity’s activities. They include the costs of the accountant and membership secretary, the annual general meeting and the independent examiner’s fee.

24

d) Investments

Listed investments are stated in the balance sheet at their market value on the balance sheet date. The resultant unrealized surplus or deficit is recognized in the Endowment Fund.

2. Income from donations and legacies 2024 2023
Annual subscriptions £ £
under Gift Aid 10,670 10,553
not under Gift Aid 2,790 2,864
Life membership 1,140 1,740
Total subscription income 14,600 15,157
Donations and legacies 71,436 56,629
Friends’ events (130) 1,215
Sales of books, postcards etc 2,212 3,019
88,118 76,020
3. Income from investments 2024 2023
£ £
Income from listed investments 41,580 37,084
Interest on deposits 1,755 1,320
Total investment income 43,335 38,404

4. Costs of charitable activities and grant making policies

All grants are given to Lambeth Palace Library to promote its interests by helping in the acquisition of printed books and manuscripts, conservation, cataloguing and in any other appropriate way. Grants in the year are analysed as shown below:

2024 2023
£ £
Grants for acquisitions 20,897 20,799
Grants for cataloguing 7,000 9,910
Special grants for exhibitions 6,000 -
Other grants -
-
Total grants given in year 33,897 30,709
5. Expenditure on raising funds 2024 2023
£ £
Investment manager’s charges 6,202 6,003
6. Support costs 2024 2023
£ £
Membership accountant’s fees and expenses 6,584 6,399
Independent Examination fee 1,640 1,617
AGM costs 1,104
755
Other costs (including £2,400 legal fees re:proposed 2,483 89
merger) 11,811 8,860

25

7. Investment portfolio

As at 31 December 2024, the Charity’s investment portfolio comprised holdings in a diverse group of collective investment vehicles, respectively focussed on income and capital growth. The portfolio is summarised in the following table:

31-Dec-24
UK Equity Funds
International Equity Funds
Bonds
Multi-Asset Funds
Alternative Funds
Total portfolio
Movements in year
Market value at beginning of year
Subsequent proceeds of sale
Cost of purchases
Realised gains
Unrealized gains/(losses)
Movement in year
Market value at end of year
Cost at end of year
8. Creditors
Amounts payable within one year
Other creditors and accrued charges
Other creditors
Life membership fees carried forward
Cost
£
215,182
501,806
135,184
-
204,339
1,056,511
Market
Value
£
279,653
707,936
138,627
-
193,964
1,320,180
Annual
Income
(Prospective)
£
11,493
14,481
6,245
-
9,035
41,254
2024
£
1,236,558
(252,085)
240,301
9,760
85,646
83,622
1,320,180
1,056,511




2024
£
8,828
4,140
12,968




Yield on
Market
Value
%
4.11%
2.05%
4.50%
-
4.66%
3.12%
2023
£
1,174,638
(283,386)
303,451
6,368
35,487
61,920
1,236.558
1,038,968
2023
£
3,636
5,280
8,916







9. The funds of the charity

The Operating Fund is an unrestricted fund which records all the income of the Charity that is not subject to a restriction imposed by a donor. The income of the Operating Fund may be expended without restriction in furtherance of the Charity’s objectives.

The Endowment Fund was established in 1985 as a permanent fund to provide income to further the objects of the charity. These funds may not be expended, but the income arising from investing the funds is credited to the Operating Fund.

26

10. Comparative Statement of Financial Activities for 2023

The table below is given in compliance with the new SORP requirements in order to provide the split between the operating and endowment funds for the previous year.

Note Unrestricted
Operating Fund
_20_23
£
Endowment
Fund
2023
£

Total
Funds
2023
£
76,020
38,404
114,424
30,709
6,003
8,860
45,572
68,852

6,386

35,487

110,707
-

110,707

1,278,459

1,389,166
Income from
76,020
-
38,404
-
114,424
-
Charitable expenditure 30,709
-
Raising funds
5
6,003
-
Support costs
6
8,860
-
Total expenditure 45,572
-
Surplus before
investment gains
68,852
-
Net gains on
investments
realized
7
- 6,368
unrealized
7
- 35,487
Net income 68,852
41,855
Transfer between funds - -
Net movement in funds 68,852
41,855
Reconciliation of funds
Total funds brought
forward
502,363
776,096
Fund balances carried
forward
571,215
817,951

27

12. Analysis of net assets between funds
11. Endowment Fund
At beginning of the year
Realised investment gains
Unrealised investment gains
At end of the year
2024
£
817,951
9,760
85,646
913,357


Endowment Fund
Operating Fund
Total
Investments
£
913,357
406,823
1,320,180
Net current
assets
£
-
243,935
243,935
2023
£
776,096
6,368
35,487
817,951
Total
£
913,357
650,758
2023
£
776,096
6,368
35,487
817,951

1,564,115

13. Policy on reserves

The Trustees have a balanced investment policy. Capital is retained as free reserves, represented by investments, in order to give rise to a reasonably predictable and regular level of income which the Trustees regard as necessary to maintain and support the Charity’s operations.

At 31st December 2024, the Endowment Fund reserves stood at £913,357. The expendable Operating Fund stood at £650,758, giving aggregate reserves of £1,564,115 at that date.

14. Related Party Transactions

The trustees received no remuneration or reimbursement of expenses and there were no related party transactions, other than the payment of subscriptions.

15. Merger with the Lambeth Palace Library Trust

The proposed merger with the Lambeth Palace Library Trust moved forward significantly in 2024 with legal advice from Womble Bond Dickinson. Trustees of both charities approved a proposal for a new Charitable Incorporated Organisation (CIO) to be known as 'Lambeth Palace Library Development Trust and Friends CIO', with working name 'The Friends of Lambeth Palace Library'. At the 2025 Annual General Meeting, members of the Friends will be asked to approve the merger with the Trust within the new CIO; the registration of the new CIO with the Charity Commission; the dissolution of the unincorporated Friends charity in accordance with the dissolution clause in the current constitution; and the transfer of the assets of the Friends charity to the new CIO.

28

INDEPENDENT EXAMINER’S REPORT TO THE FRIENDS OF LAMBETH PALACE LIBRARY FOR THE YEAR ENDED 31ST DECEMBER 2024

I report on the accounts of the Charity for the year ended 31st December 2024, which comprise the Statement of Financial Activities, the Balance Sheet and related notes.

This report is made to the Trustees, as a body, in accordance with the terms of my engagement. My work has been undertaken so that I might carry out an Independent Examination of the financial statements in accordance with the General Directions given by the Charity Commissioners. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Trustees, as a body, for my examination for this report or for the opinions I have formed.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The Charity’s Trustees are responsible for the preparation of the financial statements: The Charity’s Trustees consider that an audit is not required for this year (under section 145 of the Charities Act 2011 (the Act) and that an independent examination is needed. It is my responsibility to examine the financial statements (under section 145(1)(a) of the Act); to follow procedures laid down in the General Directions given by the Charity Commissioners under section 145(5) (b) of the Act, and to state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER’S REPORT

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

29

INDEPENDENT EXAMINER’S STATEMENT

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or

the accounts did not accord with the accounting records; or

the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

3rd April 2025

Greg Stevenson, F.C.A., Knox Cropper LLP, Chartered Accountants, 65 Leadenhall Street, London EC3A 2AD

30

44.