The wooden church dedicated to the Presentation of the Blessed Virgin Mary existed in the Deevskaya Cossack settlement as early as the 16th century. In 1608, it was burned by the Lithuanians and was not restored for a long time. A new wooden church was built in 1730.

In 1792, Bolkhov merchant Vasily Kosmin Pospeyev began the construction of a stone Presentation church at a new site, further away from the river. The church was consecrated in 1800 and had several altars: in the cold part, the Presentation of the Blessed Virgin Mary and the icon of the Smolensk Mother of God Odigitria, in the warm refectory, chapels in honor of Saint Barbara the Great Martyr and Saint Basil of Pari. The church was surrounded by a brick fence with a relief pattern, in the northwest corner of which there was a chapel. From 1851 to 1853, a women's community operated at the church, later transferred to the All-Saints Church, which became the basis for the Mother of God-All Saints Women's Monastery.

In the 1930s, the church was closed, but in 1944 it was returned to the faithful. During the Soviet era, the bell tower was dismantled.

In 1989-1990, under the project of architect M. B. Skorobogatov and with the rector Archpriest Gennady Cherkasov, the second tier of the bell tower and part of the fence were restored, and crosses were installed on the domes. The floor in the church was tiled, and the walls were painted in an academic style.

Since February 1998, the rector has been Archpriest Peter Lyakh, under whom gas heating was installed in the same year. In 1999, the doors were replaced with oak ones.

In 2000, thanks to the support of the director of the furniture factory Alexander Kuchinov, a new bell was installed and a carved iconostasis was built in the chapel of Saint Basil of Pari with the blessing of Archbishop Paisiy.

In 2003, Archpriest Vladimir Brovchuk re-consecrated the altar, and the baptismal room was renovated. In 2004, the facade was repaired, and in 2005, the domes were painted and decorated with golden stars.

In 2007, with the blessing of Archbishop Paisiy, it was decided to update the appearance of the church. In the same year, rector Peter Lyakh died in an accident. Since 2009, his son, Priest Vasily Lyakh, has been fulfilling the duties of the rector.

In 2010, finishing works were carried out on the base and the windows were replaced. In 2012-2013, under the guidance of Priest Vasily Lyakh, work was done to remove mold in the altar and central part of the church, plaster was replaced, windows were changed, and heating was improved. In 2013, the damaged frescoes were restored.