A bronze memorial to the 17th century slave dealer was pulled down throughout an indication on 7 June and dumped in Bristol Harbour.
The Colston statue was assessed to have £3,750 price of harm after being recovered from the water by Bristol City Council.
Police have requested the Crown Prosecution Service for a charging resolution against three males aged 21, 25 and 32 and a 29-year-old girl.
Another 5 individuals who have been interviewed as half of the investigation have been provided a conditional warning for legal harm.
The males, aged 18, 20, 29, 33 and 47, is not going to be prosecuted in the event that they settle for the phrases inside every week but when they refuse they could possibly be charged.
They must inform the historical past commissioner arrange by Bristol City Council the “reasons for their actions, as well as their concerns and thoughts going forward”.
Police mentioned they might every pay a fantastic of £100, which might be despatched to Bristol’s Nilaari charity, which helps black and ethnic minority communities.
They would even have to every do two hours’ of setting enchancment works for the council, together with eradicating graffiti and garbage.
Police have been close by when the statue was toppled however didn’t intervene – a call senior officers later mentioned was to take care of public order as they have been outnumbered.
No arrests have been made on the time however officers reviewed CCTV footage and different footage and video to determine suspects following a wave of criticism.
It got here amid widespread Black Lives Matter protests throughout Britain sparked by the police killing of George Floyd in the US.
Colston had long been a divisive figure in Bristol, with people calling for his name to be removed from schools, roads and venues.
Priti Patel, the home secretary, called the toppling of the statue “utterly disgraceful” at the time, adding: “It is a completely unacceptable act. Sheer vandalism and disorder are completely unacceptable.”
But the mayor of Bristol, Marvin Rees, said the comments showed an “absolute lack of understanding”.
“I think circumstances came to a head and people felt the need to take the statue down,” he added.
“I can’t and won’t pretend the statue of a slave trader in a city I was born and grew up in wasn’t an affront to me and people like me.”