A smallish mushroom associated with woodchip.  The  slightly sticky caps are bright red to orange with white veil remnants near the margins.  The gills are greyish with white edges, and the stem is whitish, woolly-scaly below a ring-zone, discolouring orange-red near the base.  There are white hyphal cords at the stem-base. The spores are smooth and purple-brown.

Several other brown or reddish-brown fungi can also be found on woodchip. 

Photograph from top down, in side view and underneath to show gills and full length of stipe; note habitat and substrate.

Woodchips and sawdust

Most of the year.

An alien species from Australasia; now widespread (Kibby, Vol. 3, 2021)

Fairly frequent in Leicestershire and Rutland.

https://www.first-nature.com/fungi/leratiomyces-ceres.php