Preheat the oven to 350°F (175°C) and grease a cake pan.

In a large bowl, combine the flour, sugar, baking powder, and salt.

Add the softened butter, buttermilk, eggs, and almond extract to the dry ingredients, and mix until smooth.

Gently fold in the cherries and sliced almonds.

Pour the batter into the prepared cake pan.

Bake for 35 minutes or until a toothpick inserted into the center comes out clean.

Allow to cool before serving.