The annual report and accounts to the end of February show that income has also increased to £130,131 from £110,151, mainly from increased subscriptions as well as rental income.
Although the Chamber ended the financial year with a deficit of £18,849, this includes a one-off refurbishment cost of the freehold Chamber building in Pier Road.
Overall the balance sheet is ‘strong’, with funds employed of £980,349 including bank balances of over £315,000.
The executive council is, however, proposing an increase in subscriptions for the coming year.
If approved, firms of up to five staff will pay an annual fee of £90, with a sliding scale of charges up to a maximum £950 for firms with over 700 staff.
