Orange fungus on pine stump?

Orange fungus on pine stump?

Observation - Orange fungus on pine stump? - UK and Ireland. Description: Very small, I think the white balance is a bit off as it caught my eye as I thought it was either red paint or blood to start with!

Very small, I think the white balance is a bit off as it caught my eye as I thought it was either red paint or blood to start with!