Given that overhand (4 inches!), I don't think I'd be comfortable with it now. It's slumping, which means that whatever you do to repair it, gravity will eventually win. If it takes 50 years for gravity to win, you're ok, but I'm not a stonemason.
honestly, I'd put something underneath it to support it for now, then see if you can get a mason in over the winter (they'll be less busy) to look at it. However, I am not strong enough to really do much with a stone slab, so your options may open up some.
And keep said dumb bell away from the kid. Kids are cute, but they do really dumb things because they don't know better.