Beacons Fungus?

Beacons Fungus?

Observation - Beacons Fungus? - UK and Ireland. Description: Dark brown outside but chestnut/cinnamon coloured patches when broken. Spongy texture. I could squeeze water out of it - heavy rain in previous 24 hours. No distinctive smell. I suppose this is a fungus!!!

Dark brown outside but chestnut/cinnamon coloured patches when broken. Spongy texture. I could squeeze water out of it - heavy rain in previous 24 hours. No distinctive smell. I suppose this is a fungus!!!