The Church of the Dormition is an outstanding monument of architecture. According to family retellings of Princes Odoevsky and Vorotynsky, which are recorded in the 1670s, the temple was founded by Prince Svyatoslav Yaroslavych.
The temple was painted with frescoes, and now it holds the largest number of ancient paintings (among the pre-Mongolian temples of Chernihiv). During the excavations, numerous fragments of the stained-glass windows of the main part of the church premises were found.
After the monastery was closed in the 1920s, the cathedral was used as a warehouse, and in 1924 it was passed to the Chernihiv State Museum. During the bombing in 1941, the cathedral burned down, oil paintings and some murals, the iconostasis were lost. In 1992, the temple was handed over to the religious community, and in 2005, a neo-Byzantine altar fence, carved by D. Ryzhov, was erected there.
During the 17th-19th centuries, church officials, representatives of the Cossack officers and their families were buried in the crypts of the temple and around it. Colonel Vasily Dunin-Borkovsky, Abbot Ioanikia, Ganyakyman, family members of Polubotko, Lizogub, Miloradovych were buried here.