Who can say?
Frost can cause a lot of damage.
Once water goes in those gaps, it can freeze, then split the lot open, causing a tricky repair job.
It's a sad fact no one budgets properly for outdoor painting. Things need to be kept up in good time, and not put off and put off.
If you're worried about it, why not organise a temporary repair just to the really bad bits?
Have seen many beautiful features on houses not cared for in time, and later turned to nothing but dust.
Of course, we may be lucky with the weather.
That said, it doesn't look as bad as it could be, and I suspect many, many buildings are in a similar condition - and they don't seem to be falling to bits.
Any money reserved for something else that could be dipped into for now?
How about using your own money for the time being? This is something I've always been prepared to do if it means getting things done.