The rising costs of maintaining and running the Grade II-listed building, as well as a drop in grant funding, have left the youth centre with a shortfall of about £250,000.
Opened 120 years ago in Ordsall, it continues to provide a lifeline to young people from some of Greater Manchester's most deprived communities, offering sports and other activities six days a week.
Initially founded as a club for boys, but now open to all young people, it was officially opened in January 1904 by Robert Baden-Powell, who later founded the Scout movement.
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