Seven teams entered the charity event, which was held in Market Place.
Each person had to flip their pancakes four times as they ran from one end of the course to the other before handing on to the next person in their relay team.
The winner of the children's discipline was 1st Henley Brownies and the adults race was won by Henley Lions, who were also marshalling the event.
Mayor Elizabeth Hodgkin said: "There was a good turnout despite the cold, wet weather and everyone enjoyed themselves.
"I would like to thank the Henley Brewhouse for provid-ing the pancakes, Gorvett & Stone, the town council staff for giving up their time, the Lions and the two Rotary clubs."
See this week's Standard for a full story and more pictures.
