Instructions:
Using 4 mm needles, cast on 28 stitches in pink double knit
Purl 2 rows
Beg with a knit row, cont in SS and work 7 rows.
Change to white
Knit 2 rows
Beg with a purl row, cont in SS and work 3 rows
(K2 tog) repeat to end
Purl
K1, (K2 tog) repeat to last st, K1
(P2 tog) repeat to end
Change to red
Inc in every stitch
Beg with a purl row, cont in SS and work 5 rows
(K2 tog) repeat to end
B & T tightly

Making Up:
Sew row ends together and turn right side out.
Use a few wool ends to fill the cherry.
Gather around the base of it and then run a stitch from top to bottom of the cherry to pull it into a rounder shape to finish off your cupcake hat. 
Why not try different coloured cakes or even different toppings – little coloured stitches for sprinkles, or beads for 100’s and 1000s?