The BNP “seriously overstretched itself financially” in 2005, chairman Nick Griffin said in its annual accounts.
The cash crunch was caused by a dip in donations coupled with the cost of fighting a record 118 seats at the general election, said Mr Griffin.
And although cashflow had improved, “efforts to permanently increase income or trim expenditure are clearly needed,” he added.
BNP membership went up by just 146 to 6,502 in 2005, the accounts reveal.
This is despite Mr Griffin claiming a “fresh wave” of members joining after the 7 July attacks on London - which he said “startlingly vindicated” its views.
The British National Party’s accounts - published on the Electoral Commission’s website - reveal annual losses of £94, 711 in the year to December 2005, up from £20,233 in 2004.
The party’s overall debts stand at £52,512.
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