Preheat oven to 350 degrees. Coat an 8x8 baking dish with no-stick spray.
In a large bowl, combine oats, almonds, baking powder, cinnamon, nutmeg, and salt. Mix in milk, eggs, maple syrup, vanilla, almond extract, and 1/2 cup cherries.
Pour into prepared baking dish. Bake for 15 minutes; stir and add the reserved 1/2 cup cherries and sliced almonds on top.
Bake for an additional 15-20 minutes, or until the mixture is set. Let cool for 5-10 minutes before serving.