Coral Spot - Nectria cinnabarina

The coral pink or pale orange cushions found on twigs and bark are the asexual stage, producing conidiospores.  They usually have either a short stem or are constricted at the base where they emerge from the substrate.  Later, the sexual stage forms, looking like dark-red raspberries.  The finely warty, bumpy surface is due to the spore-producing perithecia inside the fruit body.  

Dacrymyces stillatus, the Common Jelly-spot, is a brighter orange

Photograph in the field; note substrate and associated tree species

Found on the bark of dead deciduous tree branches.

October to December.

Widespread and common in Britain.

Common in Leicestershire and Rutland.

This may be a complex of closely related species (re. Laessoe & Petersen 2019)