A common resupinate that issues a red liquid when damaged. Found on the dead wood of many broadleaved trees

References: 
Bernicchia & Gorjon (2010) Fungi Europaei 12: Corticiaceae s.l.
Hugill & Lucas (2019) The Resupinates of Hampshire
Læssøe & Petersen (2019) Fungi of Temperate Europe, Volume 2