Preheat your oven to 350°F (175°C). Grease a loaf pan with nonstick spray or butter.

In a large bowl, whisk together flour, sugar, baking powder, and salt.

In another bowl, cream the softened butter until light and fluffy. Gradually add sugar and beat until combined.

Add eggs one at a time to the butter mixture, mixing well after each addition. Stir in milk until just combined.

Gently fold the wet mixture into the dry ingredients until just combined; avoid overmixing.

Fold in sliced almonds and dried cherries. Pour batter into the prepared loaf pan.

Bake for about 60 minutes or until golden brown and a toothpick inserted into the center comes out clean.

Allow to cool slightly before slicing and serving.