The first mention of the church appears in the "Topographical Description of the Kursk Province" from 1784, which speaks of a wooden church in the name of the Exaltation of the Honorable Cross, with two yards for clergy and church servants, as well as three wooden houses of landowners Izvekov and Romanov. The church was built in 1831 by the efforts of parishioners and was renovated in 1868. The parish included the Ivashkovsky hamlet, and in 1908 the number of Orthodox parishioners was 1,132.

In 1915, the church was located in a stone building with a bell tower covered with iron. There was one altar, in the name of the Exaltation of the Honorable and Life-Giving Cross of the Lord. The nearest churches to the Exaltation Church were the Dimitrievskaya Church in the village of Russkoye Porechnoye and the Simeonovskaya Church in the village of Razgrebel. According to the clerical records for 1917, there were 248 houses in the village of Cherkasskoye Porechnoye, inhabited by 1,067 men and 1,072 women; the Ivashkovsky hamlet had 20 houses with 128 men and 128 women. In total, the parish had 4 clergy and 2,380 peasants. There were lands: estate with a burial site, 2 dessiatinas, and hayfields, 33 dessiatinas. A separate building housed the church-parish school, where 33 boys and 43 girls studied. The church library had 46 books. The law teacher in the church-parish and zemstvo schools was priest Filshin Konstantin Mikhailovich.

After the adoption of the decree by the SNK of the RSFSR in 1918 on the separation of church from state and school from church, the Exaltation Church remained active. As of November 23, 1920, the temple was brick, with a brick fence. In the altar was a wooden altar, on which lay the Gospel in a wooden cover, a silver-plated cross, 20 large and 20 small icons, 36 icons on boards, 3 large icons, a bell weighing 300 poods, and 5 liturgical books. The monetary funds amounted to 15,000 rubles. In 1922, there were no confiscations of church valuables.

In 1924, the Exaltation Church was re-registered as a religious society. From 1938, the church did not function, and the building was used by the collective farm "1 August" for grain storage. On September 16, 1940, the executive committee of the Sudzha district council decided to close the church, as since December 1938, the group of believers had disbanded, and the building remained unguarded. During the Great Patriotic War, services resumed, and on August 22, 1944, a religious society was registered. The parish included the villages of Cherkasskoye Porechnoye and Russkoye Porechnoye.

From July 1965 to 1966, the church was not operational due to the absence of a priest. In 1967 and subsequent years, the church operated, but from May to December 1970, it temporarily did not function due to a lack of clergy. In accordance with the RSFSR law on freedom of religion from 1990, the parish of the Exaltation Church was registered on May 29, 1991. In 1997, the registration of the religious organization was renewed.

The church documents are kept in the state archive of the Kursk region: clerical records for 1915 and 1917, metric books for various years from 1836 to 1916. By the decree of the governor of the Kursk region in 1998, the ensemble of the Exaltation Church, including the church, church-parish school, and fence, was recognized as a monument of cult architecture of regional significance.