Preheat your oven to 400°F (200°C). Line a baking sheet with parchment paper.
In a large mixing bowl, whisk together the flour, sugar, baking powder, and salt.
Cut in the cold butter using a pastry cutter or your fingers until the mixture resembles coarse crumbs.
Stir in the chopped dried cherries and toasted almonds.
In a separate bowl, combine the heavy cream and almond extract. Pour into the dry ingredients and mix until just combined.
Turn the dough out onto a lightly floured surface and knead gently. Pat into a circle about 1 inch thick. Cut into 8 wedges and place on the prepared baking sheet.
Bake for 18-20 minutes, or until golden brown. Let cool slightly before serving.