The goals of the society were liberalisation of the political and social system of the Imperial Russia in accordance with the members Christian principles and the Slavophile views that gained popularity among the country's liberal intelligentsia. Created under the initiative of Nikolay Kostomarov, a famous historian of Russia and Ukraine, the society was named after Saints Cyril and Methodius, widely regarded as heroes for the Slavic nations celebrated for spreading Christianity and inventing the alphabet used in several Slavic languages. The society goals included the abolition of serfdom, broad access to public education and transformation of the empire into a federation of free Slavic people with Russians being one of the equal rather than the dominant nation.
Members included Taras Shevchenko, Panteleimon Kulish, Yurii Andruzky, Vasyl Bilozersky, Mykola Hulak, Opanas Markovych, Oleksander Navrotsky, O. Petrov, Ivan Posiada, Dmytro Pylchykov, and M. Savych.