Hi Rosie, and welcome to Rootschat!

It is some years since I followed up this line of my family. My ancestor who kept the "Red Lion" was, in fact, the man in charge when the clergy took exception to the place and, as I understand it, were instrumental in its closure.
As it was a small place I do wonder how they managed as they had a largish family!
I recall that there was a possibility that some sort of friendly or mutual aid society was being run from the pub but I haven't been able to find out any more about that.
Do you have access to a copy of "Shalbourne To The Millennium" (as recommended by Sotonian, above)? It contains all I know about the "Red Lion" and a little about my ancestor, erstwhile publican Richard Massey, and his father (also a Richard Massey, schoolteacher).
If it would interest you, I will find my notes and let you know a little of Richard's varied career.
Rachel