For a richer flavor, use full-fat cream cheese. Toast the coconut flakes in a dry pan over medium heat, stirring constantly, until lightly golden brown. This enhances their flavor and texture. Ensure the cream cheese is thoroughly softened for a smoother consistency. Finely chop the maraschino cherries to ensure they distribute evenly and don't create overly large chunks. Store the Cherry Cheesecake Balls in an airtight container in the refrigerator for up to 3 days.